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Roommates, earlier this month, after President Joe Biden confirmed that he would not extend the student loan waiver, many people were very disappointed-but now things have changed.Mainly due to the overwhelming increase in the number of Omicron mutant infections, President Biden just announced that he will officially extend Student loan payment Until May 2022.
All who wish for a miracle of Christmas Student loan payment Just received a courtesy from the Biden administration, offering a nearly six-month extension. President Biden recently stated that all student loan payments will be suspended until May 1, 2022.
Through a statement, Biden explained the decision:
“In light of these considerations, today my government will suspend federal student loan repayments for another 90 days-until May 1, 2022-as we respond to the ongoing pandemic and further strengthen our economic recovery. At the same time, The Ministry of Education will continue to work with borrowers to ensure that they receive the support they need to make a smooth transition to repayment status and promote economic stability for their families and our country.”
As we previously reported, President Biden stated through White House Press Secretary Jen Psaki a few weeks ago that the cancellation of student loan debt will not happen, and payments are expected to begin again in February.
At that time, Psaki explained his expectations, because various Democrats, progressives, and liberals were highly critical of this latest announcement. “In the next few weeks, we will release more details about our plan. We will approach federal student loan borrowers directly to ensure that they have the necessary resources and are in an appropriate repayment plan.​​​ . A smooth transition to repayment is the government’s top priority,” she said.
She continued to add: “The Ministry of Education is already communicating with borrowers to help them prepare to resume repayment on February 1. 41 million borrowers have benefited from the extended suspension of student loan payments, but it will arrive on February 1. ExpectYingshi, So now we are just doing a series of preparations. “
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