Biden Administration to Extend Student Loan Repayment Pause Through June

The Biden administration on Tuesday announced it will extend the pandemic-era freeze on federal student loan payments to June 2023. 

Payments were scheduled to resume on Jan. 1, but the administration has decided to extend the moratorium through at least June 30 as it faces legal challenges to its debt forgiveness plan.

“I’m confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it,” Biden said in a statement on Twitter. “That’s why @SecCardona is extending the payment pause to no later than June 30, 2023, giving the Supreme Court time to hear the case in its current term.”

This story is being updated.