Political and Legislative
Democrats Call on Biden to Extend the Moratorium on Student Loan Payments
Congressional Democrats are calling on President Biden to extend a moratorium on student loan payments for at least six months beyond the upcoming October deadline.
In a Wednesday letter led by Sen. Elizabeth Warren (Mass.), Democratic lawmakers urged Biden to postpone loan repayment collections until March 31 or until “the economy reaches pre-pandemic employment levels, whichever is longer.”
Shortly after taking office, Biden extended a previous freeze on federal student loan payments until October, citing the financial burdens brought on by the coronavirus pandemic.
