“It is ruining lives and holding people back,” she said in a statement last month. “Borrowers are struggling with rising costs, struggling to get their feet back under them after public health and economic crises, and struggling with a broken student loan system — and all this is felt especially hard by borrowers of color.”
The decision is being made amid rising concern that large numbers of Americans would quickly fall behind if payments restarted in May. “Serious delinquency rates for student debt could snap back from historic lows to their previous highs in which 10% or more of the debt was past due,” the bank said.
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White House to extend student loan pause through AugustWASHINGTON (AP) — The Biden administration plans to freeze federal student loan... Maybe don't incur unnecessary debt for worthless college degrees instead? Sounds like Biden is gearing up to cancel some amount of these loans RIGHT before midterms to try to stave off a midterms blowout for Republicans. Enough of the Democrats helping students , creating record low unemployment and reducing our deficit. We republicans are focused on racist babies & Disney . The fake left wing media must cover that .
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Student loan repayments: White House to extend pandemic pause through Aug. 31U.S. student loan payments were scheduled to resume on May 1 after being halted since early in the COVID-19 pandemic.
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White House to extend the student loan moratorium once againBiden admin officials plan to extend the pause on federal student loan payments through the end of August, multiple sources say, though they warned that could still change. An announcement could come as early as this week. For what reason? The economy is booming, right? 5 bucks he restarts it after the midterms lol it doesn’t get more democrat than kicking the can down the road
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