Biden Will Extend Student Loan Payment Pause On Day One
Biden Will Extend Student Loan Payment Pause On Day OnePresident-elect Joe Biden will be busy on his first day, signing nearly a dozen executive actions just after his inauguration.
According to a memo obtained by Forbes from incoming White House Chief of Staff Ron Klain, Biden will issue these actions to combat four crises: the pandemic, the economic crisis, the climate crisis, and the racial equity crisis. Among the actions includes are re-joining the Paris Agreement, reversing the Muslim ban, and more.
Student loan borrowers will also be happy to see that Biden will “ask the Department of Education to extend the existing pause on student loan payments and interest for millions of Americans with federal student loans.”
Payments and interest for federally-held student loans are curre...