Education secretary announces extension to provide relief from uncertainty as loan forgiveness is litigated.
On Tuesday, the president’s administration extended the federal student loan repayment pause through June 2023.
Education Secretary Cardona said that the pause has been extended because “efforts to block student debt relief in the courts have caused tremendous financial uncertainty for millions of borrowers who cannot set their family budgets or even plan for the holidays without a clear picture of their student debt obligations.“
The president stated, “I’m confident that our student debt relief plan is legal. … That’s why [Secretary of Education Miguel Cardona] is extending the payment pause to no later than [60 days after] June 30, 2023, giving the Supreme Court time to hear the case in its current term.“
As the Lord Leads, Pray with Us…
- For President Biden and Secretary Cardona as they continue efforts to provide relief from federal student loan debt.
- For the judges and justices who are hearing cases regarding the constitutionality of the president’s policies and programs.
- For federal student loan borrowers who will be relieved of this financial stress during the holidays.
Sources: NPR, Axios
