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What should you do if Biden doesn’t extend the student loan payment pause?

·14 min read
What should you do if Biden doesn’t extend the student loan payment pause?

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. As of mid-August, speculation was rampant that Biden would grant another extension, but the Department of Education wasn’t making any promises, other than telling The New York Times that the department’s “review of broad-based debt cancellation remains ongoing and no decisions have been made.” In the meantime, student loan debtors are advised to prepare for resuming their monthly loan payments.