{"id":1423988,"date":"2022-04-07T13:44:44","date_gmt":"2022-04-07T17:44:44","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1423988"},"modified":"2022-04-07T13:44:48","modified_gmt":"2022-04-07T17:44:48","slug":"biden-extends-pause-on-federal-student-loan-payments","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-extends-pause-on-federal-student-loan-payments\/","title":{"rendered":"Biden Extends Pause On Federal Student Loan Payments"},"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\">16<\/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-extends-pause-on-federal-student-loan-payments%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=1423988&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\/04\/GettyImages-1364436782.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p><span>The Biden administration announced Wednesday that it will extend the pause on federal student loan payments through the end of August.<\/span><\/p>\n<p>\u201cWe are still recovering from the pandemic and the unprecedented economic disruption it caused,\u201d Biden said in a statement <span>announcing the move.<\/span><\/p>\n<p><span>Biden said the goal of the extended moratorium is to give people with student debt \u201cgreater financial security.\u201d The president also said the Department of Education is working on improving student loan programs.\u00a0<\/span><\/p>\n<p><span>Education <\/span><span>Secretary Miguel Cardona said the department wants to give borrowers a fresh start by quote, \u201celiminating the impact of delinquency and default and allowing them to re enter repayment in good standing.\u201d<\/span><\/p>\n<p><span>This is the sixth time the pause on federal student loan payments has been extended over the past two years.<\/span><\/p>\n<p><span>Federal student loan payments were initially paused by the Trump administration in March, 2020, when the COVID-19 pandemic began. Trump extended the pause once, and Biden has already extended it an additional four times. The pause was previously set to expire on May 1.<\/span><\/p>\n<p>The pause on loan payments<span> affects about<\/span><span> 40 million people who owe about $1.6 trillion in federal student debt. That represents about 90% of the total outstanding student debt. <\/span><span>Students who owe debt to private lenders are not eligible for this pause. <\/span><\/p>\n<p><span>Overall, the pause on federal student loan payments <\/span><span>has saved borrowers about $5 billion every month.<\/span><\/p>\n<p><span>Proponents of the policy say the loan payment moratorium helps students by giving them a reprieve from crushing student debts. <\/span><\/p>\n<p><span>Critics, however, say the extension is an unfair burden on taxpayers.\u00a0<\/span><span>Senator Joni Ernst, a Republican, argued that pausing student loans again is \u201cshortsighted\u201d and an unfair deal for the Americans who did not take on debt yet will ultimately be stuck with the bill. Instead, Ernst said, we should make sure students have a clear picture of the costs before they take out a loan so others will not be forced to pay it later.<\/span><\/p>\n<p>S<span>ome progressives have gone further and advocated for canceling student loans altogether.<\/span><\/p>\n<p><span>One of the most prominent progressives in Congress, New York Congresswoman Alexandria Ocasio-Cortez, took to Twitter to say that pausing loan payments is not enough and that \u201cwe should cancel them.\u201d Ocasio-Cortez added that borrowers say they would have to delay medical procedures or sell their car to start repaying their loans again. <\/span><\/p>\n<p><span>Senator Patty Murray, another Democrat, hailed the decision to continue the pause, but she said students need more than \u201cquick fixes.\u201d Murray is among several Senate Democrats who have called for student loan forgiveness, rather than just a pause on payments.<\/span><\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration announced Wednesday that it will extend the pause on federal student loan payments through the end of August.\u201cWe are still recovering from the pandemic and the unprecedented<\/p>\n","protected":false},"author":107,"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-1423988","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\/1423988","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\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1423988"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1423988\/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=1423988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1423988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1423988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}