Biden mulling ways to support student loan borrowers when payments resume
Fox News
The Biden Administration is mulling ways to ensure borrowers are supported when federal student loan repayments resume in September, as congressional Democrats push to extend the pause in payments and urge President Biden to unilaterally act to cancel up to $50,000 in debt per borrower.
A Biden Administration official told Fox News Wednesday that the pause was designed to support borrowers impacted by the pandemic and its economic impact, but noted that the U.S. economy, each day, is making progress and recovering. The official added that the administration is still aware that there are impacts for individual borrowers and families, saying the Department of Education is working to ensure that borrowers still struggling amid the economic impact of the pandemic are supported when the pause in payments expires on Sept. 30.
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