The Biden administration extended the freeze on student loan payments yet again, this time until September, and announced a reset for borrowers in default.
, the top Republican on the House education committee, Rep. Virginia Foxx of North Carolina, responded:"Another repayment freeze only begets unfairness that is inevitably leveled at both taxpayers and responsible borrowers alike.
"During the pause, we will continue our preparations to give borrowers a fresh start and to ensure that all borrowers have access to repayment plans that meet their financial situations and needs," Education Secretary Miguel Cardona said in a statement.It is unclear if borrowers will also have their access to federal student aid restored, meaning they can potentially take out new student loans – something borrowers in default cannot do.
According to the report,"Education is planning to reach these borrowers by using other outreach channels to share messages about rehabilitation options," including through social media.News of this latest extension received mixed reviews from borrower advocates not only because it's shorter than many expected but because Biden continued his silence on the possibility of broader student loan cancellation.
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