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
House Republicans Open Investigation Into Biden Administration’s Borrower Defense Settlement
Kvaal, Cordray Testify During House Education Subcommittee Hearing
NASFAA Comments on 2024-25 Draft FAFSA
Deep Dive: Department of Education’s Proposed Ability to Benefit Regulations
ED Releases Draft Pell Grant Look-Up Tables for 2024-25
Deep Dive: ED’s Proposed Financial Value Transparency and Gainful Employment Regulations
Department of Education Issues Another Update on Third-Party Servicer Guidance
ED to Publish Proposed Rule on Gainful Employment and New Information Collection
House Hearing Focuses on ED’s FY 24 Budget Proposal and Committee Oversight Efforts
Vulnerable Student Loan Borrowers at Risk of Missing Out on IDR Benefits
FSA: Consent Revocation Not Necessary for FAFSA
NASFAA Comments on Proposed Federal Work-Study Information Collection
U.S. Department of Education Sessions & Ask a Fed
GAO Determines FSA Had Adequate Processes to Comply With CARES Act Guidance
ED: Over 615,000 Borrowers Received Public Service Loan Forgiveness Since October 2021
Coronavirus (COVID-19) Web Center
NASFAA Comments on Proposed Revocation of Consent to Share Federal Taxpayer Information
Panel Highlights Landscape of Student Loan Default as Clock Runs Out on Repayment Pause
Today's News for April 27, 2023
Cardona Takes Aim at House GOP Debt Limit Proposal
ED: Updated College Scorecard Will Help Students Find High-Value Postsecondary Programs
Today's News for April 26, 2023
Today's News for April 19, 2023
Cardona Urges Higher Education Leaders to ‘Fight Complacency’ in Year Ahead
Today's News for April 17, 2023
ED and FSA See Staffing Declines and Dip in ‘Best Places to Work in the Federal Government’ Rankings
SCOTUS Rejects Application From Three Colleges to Halt Student Loan Debt Cancellation
Today's News for April 14, 2023
NASFAA Gives Comments on R2T4 and Third-Party Servicers at ED’s Public Hearings
Today's News for April 13, 2023
Thousands of Public Comments Prompt ED to Remove Third-Party Servicer Guidance Effective Date
Biden Signs Bill to End COVID-19 National Emergency, Prompting Questions for Financial Aid Community
Advertisement
You must be logged in to comment on this page.