On Tuesday, the Biden administration announced that it will once again extend its pause on federal student loan payments. According to Department of Education, the pause, which was set to expire in December, could now be pushed back as far as the end of August 2023. The Biden administration claims the move is a direct response to a recent decision by a federal appeals court to impose an injunction on the president’s debt cancellation plan. In August, the White House announced a plan offering “$20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education, and up to $10,000 in debt cancellation to non-Pell Grant recipients.” Earlier in November,
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