Biden Pledges to Extend Student Loan Relief
By Hugh T. Ferguson, NASFAA Staff Reporter
President-elect Joe Biden’s transition team announced that the incoming administration would continue the federal student loan administrative forbearance period, the pause in interest accrual, and the suspension of collections activity.
Per a January 8 briefing from the transition team, Biden also supports “Congress immediately canceling $10,000 of federal student loan debt per person, as a response to the COVID crisis.”
Prior to her resignation, Education Secretary Betsy DeVos extended the loan moratorium, which began at the outset of the pandemic, through Jan. 31, 2021 and asked for Congress to address the policy.
Publication Date: 1/11/2021
Comments Disclaimer: NASFAA welcomes and encourages readers to comment and engage in respectful conversation about the content posted here. We value thoughtful, polite, and concise comments that reflect a variety of views. Comments are not moderated by NASFAA but are reviewed periodically by staff. Users should not expect real-time responses from NASFAA. To learn more, please view NASFAA’s complete Comments Policy.
Related Content
ED Provides FVT/GE Reporting Updates Amid STATS Early Implementation Option
ED Officials Share Updates on Final Rules and Insight Into Policy Agenda
Federal Court Vacates PSLF Final Rule on Employer Eligibility, Hours Before July 1 Effective Date
Department of Education Officials Talk Post-July 1 Student Aid Landscape at NASFAA 2026
ED Publishes Final Regulations Implementing OBBBA Accountability Framework
Memorandum of Decision in PSLF Employer Eligibility Rule
Order of Dismissal of PSLF Final Rule
Today's News for June 29, 2026
ED Outlines Guidance on Institutional Authority to Set Program-Level Loan Limits
Bonamici Introduces Resolution to Impeach McMahon
ED's Updated PSLF Form Request Adds Urgency to Court Challenge
Today's News for June 26, 2026
New FSA Data Shows 1.3 Million Uptick in Defaulted Borrowers
Today's News for June 25, 2026
NASFAA Comments on Second Draft of 2027-28 FAFSA
ED Announces Temporary 1% Interest Rate Reduction for Borrowers Enrolled in Auto Pay
Today's News for June 22, 2026
U.S. Department of Education Sessions
NASFAA Submits Comments on Proposed Changes to IDR Request Form
NASFAA Comments on Proposed Changes to Repayment Plan Selection Form
Preview of Comments on Second Draft of 2027-28 FAFSA
Today's News for June 10, 2026
Lawmakers Call on ED to Address Borrower Default and Delinquency Rates
ED Confirms No Resolution Required for Comment Code 352
NASFAA Comments Joint Consolidation Loan Separation Application
Federal Student Aid Changes Implemented Through Reconciliation
FSA Provides Best Practices For Institutions to Prevent FAFSA Fraud
Duplicative PSLF Buyback Applications Could Reduce Ongoing Processing Backlog
ED Provides Schedule and Links for Upcoming OBBBA Webinars and Virtual Office Hours
ED Publishes FAQ Addressing New OBBBA Loan Limits, Questions Remain
NASFAA Submits Comments on COD Updates
NASFAA Submits Comments on NSLDS Updates
NASFAA Deep Dive: ED Releases Final Rule for Pell Grant Provisions of OBBBA
Coalition of 25 States Sue ED Over OBBBA Loan Limits, Claim New Rule Will Worsen Workforce Shortages
NASFAA Comments on Regulations for Accountability Framework of OBBBA
NASFAA Signs Onto Letter Voicing Concerns Over Processing Delays in DACA Renewals
Advertisement
You must be logged in to comment on this page.