{"id":1367660,"date":"2022-03-09T14:25:42","date_gmt":"2022-03-09T19:25:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1367660"},"modified":"2022-03-09T19:25:58","modified_gmt":"2022-03-10T00:25:58","slug":"biden-admin-signals-it-might-extend-freeze-on-student-loan-payments-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-signals-it-might-extend-freeze-on-student-loan-payments-again\/","title":{"rendered":"Biden Admin Signals It Might Extend Freeze On Student Loan Payments Again"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-admin-signals-it-might-extend-freeze-on-student-loan-payments-again%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1367660&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/03\/Student-Loans.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>The Biden administration\u2019s Department of Education directed its federal student loan servicers not to notify borrowers that payments would resume after May 1, indicating that the administration may once again extend the pause on student loan repayments, according to reports.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/03\/09\/education-dept-gives-another-sign-student-loan-payments-may-not-restart-in-may-.html\">CNBC<\/a> reported Wednesday that the federal student loan servicers, who were expected to begin sending out letters to borrowers at the end of the month, are holding off on sending out notifications for the time being.<\/p>\n<p>At the beginning of the COVID-19 pandemic in March 2020, student loan repayments were temporarily paused and the federal interest rate was lowered to 0% under the CARES Act, as The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/biden-administration-could-reverse-course-extend-student-loan-repayment-pause\">noted<\/a>. That pause was extended by executive order under former President Donald Trump, then Joe Biden extended the pause on his first day in office. The freeze lasted until September 2021, but Biden extended that pause again in August through January 2022. In December, Biden again extended the pause for another 90 days, until May 1, after a campaign from left-wing activist groups pressuring Biden to extend the freeze. The pause currently affects some 25 million Americans, CNBC reported.<\/p>\n<p>A spokesperson for the Department of Education told CNBC that it was communicating on a regular basis with federal loan servicers about the \u201ctype and cadence\u201d of outreach the servicers make to student debt holders.<\/p>\n<p>White House Chief of Staff Ron Klain said in an interview with the left-wing podcast \u201cPod Save America\u201d that the Biden administration was waiting to make a decision on student loan debt before it resumed payments. \u201cThe president is going to look at what we should do on student debt before the pause expires, or he\u2019ll extend the pause,\u201d Klain said. Biden previously <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/1241869418981920769?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1241869418981920769%7Ctwgr%5E%7Ctwcon%5Es1_&#038;ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fdozens-of-democrats-urge-biden-to-cancel-student-loan-debt-up-to-50000-per-borrower\">campaigned<\/a> on canceling tens of thousands of dollars in student debt per borrower, and released a memo in November which claimed that Biden has the <a href=\"https:\/\/www.foxbusiness.com\/personal-finance\/student-loan-forgiveness-biden-memo-released\">authority<\/a> to cancel student debt. <a href=\"https:\/\/www.dailywire.com\/news\/dozens-of-democrats-urge-biden-to-cancel-student-loan-debt-up-to-50000-per-borrower\">Dozens of progressive Democrats<\/a> have called on Biden to cancel up to $50,000 per borrower.<\/p>\n<p><a href=\"https:\/\/thehill.com\/homenews\/administration\/597493-student-loan-servicing-companies-directed-to-hold-payment-notices?rl=1\">The Hill<\/a> also reported Wednesday that it had reached out to the Department of Education for comment. A spokesperson for the Department did not confirm the report, but did confirm that it was in regular contact with servicers. \u201cThe Department will continue communicating directly with borrowers about federal student loan repayment by providing clear and timely updates,\u201d the spokesperson said, via The Hill. \u201cThe Department\u2019s Federal Student Aid office will also continue communicating regularly with servicers about the type and cadence of servicer outreach to borrowers.\u201d<\/p>\n<p>As The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/conservatives-pile-on-white-house-over-possible-student-loan-payment-extension\">reported<\/a>, initial reports that the Biden administration was considering extending the freeze drew criticism from conservative leaders.<\/p>\n<p>\u201cJoe Biden wants to extend the student loan moratorium so no one\u2014regardless of income or wealth\u2014has to pay back a dollar in debt. Instead, the taxpayers pick up the tab,\u201d tweeted Senator Tom Cotton. \u201cThis is a wealth transfer from the poor to the rich.\u201d<\/p>\n<p>\u201cBiden plans to extend the freeze on student loan payments until after the Midterm elections (freeze will currently end in May),\u201d\u00a0Heritage Action tweeted. \u201cThe Dems chances are so bad, the only way to win is to continue the natl. emergency through Nov. in order to win over voters.\u201d<\/p>\n<p>\u201cBiden using Ukraine as cover to push bad policy is outrageous,\u201d added Republican communicator Matt Whitlock. \u201cForcing working families to foot the bill for the student loans of overwhelmingly upper-class students to get grad degrees is insane. There is no more COVID emergency to justify this.\u201d<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a\u00a0<a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">member<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration\u2019s Department of Education directed its federal student loan servicers not to notify borrowers that payments would resume after May 1, indicating that the administration may once again<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1367660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1367660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1367660"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1367660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1367660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1367660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1367660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}