Here are the biggest takeaways for borrowers
The Word “Final” Is Missing From President Biden’s Statement on the Latest Extension of Student Loan Relief
But it does not necessarily mean there will be a further extension of relief after May 1. At the end of his statement, Biden emphasized that borrowers should be taking steps to prepare for the resumption of repayment next year.
“Although we commend the administration for delivering this necessary, short-term relief to people with student debt, we continue to advocate for the extension of the pause on student loan payments until the end of the COVID-19 national emergency, giving the Department of Education time to fix the broken student loan system and finally keep the president’s promise to cancel student debt,” said Mike Pierce, executive director of the Student Borrower Protection Center in a statement.
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