Education Department delays payment resumption announcements.
The Department of Education has instructed student loan companies to delay sending notices about student loan payments resuming in May. The student loan freeze has been extended five times, and the current date for payments to resume is May 2. However, the White House is evidently contemplating another extension on the freeze, and President Biden’s administration appears to be preparing for that possibility.
“The Department will continue communicating directly with borrowers about federal student loan repayment by providing clear and timely updates,” an Education Department spokesperson said. “The Department’s Federal Student Aid office will also continue communicating regularly with servicers about the type and cadence of servicer outreach to borrowers.”
As the Lord Leads, Pray with Us…
- For discernment for the president and his advisors as they contemplate another student loan freeze extension.
- For the Education secretary and officials in federal student financial aid as they remain flexible on their next moves.
- For student borrowers who needed the respite from repayments during the pandemic.
Sources: The Hill, Politico
