LAGOS EYE NEWS

BREAKING: President Biden halts student loan repayments|LAGOS EYE NEWS

Page Visited: 76
0 0
Read Time:45 Second

At the request of President Joe Biden, acting Secretary of Education will extend the pause on Federal Student Loan payments and collections and keep the interest rate at 0% through Sept. 30.

The extension was announced Wednesday evening, days before the moratorium is set to expire at the end of this month .

“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,” a statement from the U.S. Department of Education read.

Biden’s plan to help ease the student loan burden on many Americans includes a proposal to forgive at least $10,000 of it.

Although the proposal was part of Biden’s presidential campaign, all the details haven’t been released.

About 41 million Americans will continue to benefit from the federal government’s pause of student loan payments.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Leave a Reply