June 23, 2021

NBC: Democrats call on Biden to extend pause of student loan payments

WASHINGTON — Democrats on Capitol Hill are urging President Joe Biden to extend the federal student loan payment moratorium by at least six months as the economy continues to rebound from the coronavirus pandemic.

In a letter to Biden obtained by NBC News, a group of Democratic lawmakers asked him to take action before the Sept. 30 deadline when loan forbearance is set to expire, requesting he extend the pause until March 31, 2022, or until the economy bounces back to pre-pandemic employment levels, whichever period is longer.

The effort is led by Sen. Elizabeth Warren of Massachusetts; Senate Majority Leader Chuck Schumer of New York; and Reps. Ayanna Pressley of Massachusetts and Joe Courtney of Connecticut.


Read the full article here.

By:  Lauren Egan
Source: NBC