Education Department officials instructed the companies that manage federal student loans to hold off on sending required notices to borrowers about their payments starting
03/09/2022 09:15 AM ESTThe Biden administration dropped a new hint this week that it may further extend the freeze on federal student loan payments for tens of millions of borrowers as the White House weighs a final decision.
after pressure from a wide range of Democrats. By that time, the department and its contractors had already sent millions of notices to borrowers about payments resuming. Some of those notices to borrowers had been set to go out as soon as this month. But they would be moot — and potentially confusing for borrowers — if the White House ultimately decides to again extend the payment relief.
“Borrowers need immediate relief from the crushing burdens of massive student loan debt as the pandemic exacerbates financial strain for all Americans and throws existing racial disparities in wealth and educational attainment into especially stark relief,” a coalition of left-leaning groups led by the Student Borrower Protection CenterThe White House in recent weeks has begun framing the student loan payment pause as a major accomplishment.
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