Biden Extends Student Loan Pause Again After Declaring ‘Pandemic Is Over’

TOPSHOT - US President Joe Biden speaks about the situation in Poland following a meeting with G7 and European leaders on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

At a glance

  • Solicitor General Elizabeth Prelogar asked the Supreme Court last week to rule on whether student debt cancellation can continue.
  • “The Eighth Circuit’s erroneous injunction leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable to make financial decisions with an accurate understanding of their future repayment obligations,” she wrote.
  • The Department of Education has nevertheless started informing borrowers that they have been approved for debt cancellation.
  • Some applicants received an email from Education Secretary Miguel Cardona saying they were “eligible for loan relief” after a review of their submission. “We have sent this approval on to your loan servicer,” the message said. “You do not need to take any further action.”

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