The White House is extending student loan repayment through June 2023 as the Biden administration seeks to push through its student loan forgiveness plan.
The forgiveness plan was announced in August but continues to face trouble with legal battles in court.
White House extends student loan payment pause through June 2023 despite Biden pledge https://t.co/SaSyGR8szt
— Fox News (@FoxNews) November 23, 2022
“Biden announced in August that he will hand out $10,000 of federal student loan debt relief for certain borrowers making less than $125,000 per year and up to $20,000 for Pell Grant recipients,” Fox News reported.
“The president on Tuesday said he is ‘confident’ that his ‘student debt relief plan is legal,'” it added.
Student loan repayments paused now until June 30th. https://t.co/Y6KLStadDW
— ATL APA Chapter (@APA_ATL) November 23, 2022
“The pause had been scheduled to end on Dec. 31, but that date was coupled with plans for mass debt relief,” USA Today reported.
“In a video message posted on Twitter, Biden defended his plan for far-reaching student debt forgiveness and said the extension of the moratorium was a way to address the ongoing legal challenges,” it added.
I’m confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it.
— President Biden (@POTUS) November 22, 2022
Approximately 26 million Americans have applied for student loan debt relief, with many wondering whether the president’s plan will become reality.
The left’s focus has been a major issue ahead of the midterm elections but there will be a battle to make it a reality before the next presidential election comes.
The newly led GOP House will also be out to stop the effort, making the fight even more difficult as the student debt relief plan seeks to overcome legal challenges that could reach the Supreme Court.