Biden Extends Student Loan Payment Pause

WASHINGTON, DC - NOVEMBER 21: US President Joe Biden delivers remarks as he pardons the National Thanksgiving Turkeys Chocolate and Chip on the South Lawn of the White House November 21, 2022 in Washington, DC. Chocolate and Chip were raised at Circle S. Ranch, outside of Charlotte, North Carolina, and will reside on the campus of North Carolina State University following today's ceremony. (Photo by Nathan Howard/Getty Images)

At a glance

  • President Joe Biden released a video on Tuesday announcing that federal student loan payments will remain on pause until June 30, 2023.
  • Biden’s student loan forgiveness plan is facing multiple legal challenges and was recently blocked by the 8th U.S. Circuit Court of Appeals.
  • The president said he is confident in the legality of his plan and added that the pause will allow the Supreme Court to hear the legal challenges during its current term.

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