If this happens, and there’s no guarantee that it will, this would mark the sixth extension of temporary student loan forbearance from the Cares Act, which is the $2.2 trillion stimulus package that Congress passed, and President Donald Trump signed into law, in March 2020. Biden could extend student loan relief for several more months. For example, his latest extension was from February 1 until May 1, so he could consider another 90-day extension. Alternatively, he could extend for a shorter period
Some progressive members of Congress want Biden to extend student loan relief until the end of the Covid-19 pandemic. While these legislators are happy with the latest 90-day extension, some say it’s insufficient to protect student loan borrowers who are struggling in the wake of the Covid-19 health emergency. Their solution is to extend temporary student loan forbearance indefinitely, which would enable the most vulnerable student loan borrowers to recover
Some progressive members of Congress want Biden to extend student loan relief until the end of the Covid-19 pandemic. While these legislators are happy with the latest 90-day extension, some say it’s insufficient to protect student loan borrowers who are struggling in the wake of the Covid-19 health emergency. Their solution is to extend temporary student loan forbearance indefinitely, which would enable the most vulnerable student loan borrowers to recover
