Federal Student Loan Pause
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other federal student loan repayment planCNBC
•Biden extends student loan payment pause by 6 months for 8 million SAVE plan borrowers
78% Informative
Federal student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said.
The development comes as the administration has been dragged into a slew of legal battles waged by Republicans over its recent student loan relief efforts.
The borrowers who are excused from their monthly payments are those enrolled in the Biden administration's new SAVE plan.
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