Federal student loan payments will resume in May. This is to relieve those struggling with the effects of the pandemic.WASHINGTON – The Biden administration will announce in "the next week or so" a decision on student loan payments, which have been on pause since March 2020, Education Secretary Miguel Cardona said on NBC's"Meet the Press" on Sunday.
President Joe Biden in April said he was at the stage of looking at student loan reduction, but it would take a few weeks, but no formal announcements followed. Cardona also addressed teacher shortages, saying they are"a symptom of what I call a teacher respect issue," and added that"we need to respect the profession better."
He also said on CBS'"Face the Nation," that ''we need to make sure we're supporting our educators, giving them the working conditions where they feel connected to the community and feel supported in the work that they're doing. called on states to address the nationwide teacher shortage, and strengthen student recovery with money from the American Rescue Plan.
everybody making less than $400 K should get a debt (of their choosing) relief payment
Too bad. There are a lot of Americans with debt who are not getting that relief. The highly educated should not be getting that kind of relief either. If there's that much money then divide it equally and every American can decide what debt they want to pay down.
I want 50k forgiven on my mortgage as well🤷♂️
Sorry folks it’s not going to happen. You aren’t going to be rewarded for your negligent financial decision.
I still think $50,000 is ridiculous. I'll be happy if he pauses payments again and then sets up a better system of repayment options in the meantime.