WASHINGTON, D.C. — In a statement released from the White House, the Department of Education has completed President Biden’s request that federal student loan payments will remain on pause until at least September.
Aside from the Executive Orders signed into place to fight the COVID–19 pandemic, the Biden Administration is also focusing on economic relief in their first days in office.
“At the request of President Biden, the acting Secretary of Education will extend the pause on federal student loan payments and collections and keep the interest rate at 0%,” the White House statement read. “Too many Americans are struggling to pay for basic necessities and to provide for their families. They should not be forced to choose between paying their student loans and putting food on the table.”