Biden Administration Set to Extend Student Loan Pause
- Move builds on Public Service Loan Forgiveness Program revamp
- Some advocates say government effort doesn’t go far enough
Photographer: Robyn Beck/AFP/Getty Images
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The U.S. government is expected to extend a pause on student loan repayments through Aug. 31, an official familiar with the plans said.
The announcement is due Wednesday, the official added. The administration has grappled with ending the pause on loan payments as the economy’s recovery from pandemic lows continues -- bringing with it inflation that has outpaced wage gains.