"To thaw or not to thaw? That is the question facing President Joe Biden as the long-delayed end to the freeze on student loan payments created by the COVID-19 crisis approaches on August 31. Announced at the start of the pandemic in March 2020, the payment pause has been extended and even expanded several times, including four extensions ordered by Biden himself," MarketWatch reports.
... "However, as of early August details on the fresh start arrangements haven’t been announced by the Education Department. At that time, the National Association of Student Financial Aid Administrators (NASFAA) reported that the roll-out of the program seemed much more limited than originally intended, and could fall far short of helping the original estimate of 7 million borrowers with past-due loans."
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Publication Date: 8/17/2022