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Federal student loan payments suspended until end of January
U.S. Secretary of Education Betsy DeVos on Friday said the suspension of federal student loans payments and accruing interest set to end on Dec. 31 will be extended another month as the pandemic presents financial challenges to borrowers.www.reuters.com
I was just discussing this with my wife. I suspect the 1 month extension was a result of some back room discussions to delay a little longer for Biden to be sworn in. At that point, he would need to fast track additional delays which will lead to complete forgiveness.
Even before covid, there was widespread complaint of people not able to afford the burden of the loans they agreed to pay back. Now after nearly a year of a pause, any administration that does not continue the pause will face the brunt of millions not being able to afford them again.
Covid and Trump opened the door for dems to pay through full blown forgiveness.
Full disclosure, I have student loans. Never had an issue paying them and was lucky enough that I've never needed a pause. But I received one without my requesting it.