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Biden Extends Pause on Student Loan Payments

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Biden Extends Pause on Student Loan Payments

Biden Extends Pause on Student Loan Payments

Biden Extends, Pause on , Student Loan Payments.

On April 6, President Joe Biden announced that a pause on federal student loan payments will now be extended until August 31.

On April 6, President Joe Biden announced that a pause on federal student loan payments will now be extended until August 31.

ABC reports that this is the sixth extension that has been put in place since the pandemic began over two years ago.

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The decision comes less than a month before payments were scheduled to begin again in May.

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The extension potentially affects millions of people who would have otherwise been unable to make their payments.

As I recognized in recently extending the COVID-19 national emergency, we are still recovering from the pandemic and the unprecedented economic disruption it caused, Joe Biden, President of the United States, via ABC.

If loan payments were to resume on schedule in May, analysis of recent data from the Federal Reserve suggests that millions of student loan borrowers would face significant economic hardship, and delinquencies and defaults could threaten Americansā€™ financial stability, Joe Biden, President of the United States, via ABC.

If loan payments were to resume on schedule in May, analysis of recent data from the Federal Reserve suggests that millions of student loan borrowers would face significant economic hardship, and delinquencies and defaults could threaten Americansā€™ financial stability, Joe Biden, President of the United States, via ABC.

NBC reports that Biden has faced pressure from fellow Democrats to either pause or cancel student loan debt.

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The issue of student loan debt will reportedly play a role in midterm elections around the country.

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Progressive Democrats have reportedly criticized the administration for the ongoing uncertainty borrowers face.

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NBC points out that Biden promised $10,000 in student loan forgiveness for borrowers during his election campaign but has yet to make that promise a reality.


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Carl Erskine, 1950s Dodgers Pitcher, Dead at 97

Carl Erskine, , 1950s Dodgers Pitcher, , Dead at 97. NBC reports that the baseball legend died at Community Hospital Anderson in Indiana. He was one of the last surviving members of the celebrated Brooklyn teams from the 1950s, having spent his entire career playing for the Dodgers. He was one of the last surviving members of the celebrated Brooklyn teams from the 1950s, having spent his entire career playing for the Dodgers. Between 1948 and 1959, Erskine and the Dodgers took home five National League pennants. Between 1948 and 1959, Erskine and the Dodgers took home five National League pennants. The right-handed pitcher had a career record of 122-78 with 981 strikeouts and an ERA of 4.00. Erskine's best season came in 1953 when he led the National League with a record of 20-6. In 1954, Erskine had another All-Star season, winning 18 games. Out of his five World Series appearances, the Dodgers beat the Yankees in 1955 to win their only championship. Out of his five World Series appearances, the Dodgers beat the Yankees in 1955 to win their only championship. With Erskine's passing, 88-year-old Sandy Koufax becomes the lone surviving Dodgers player from that 1955 World Series team. With Erskine's passing, 88-year-old Sandy Koufax becomes the lone surviving Dodgers player from that 1955 World Series team. In July of 2023, the Baseball Hall of Fame's board of directors awarded Erskine with the Buck O'Neil lifetime achievement award. In July of 2023, the Baseball Hall of Fame's board of directors awarded Erskine with the Buck O'Neil lifetime achievement award. For millions of fans, he was a baseball hero. For his family and thousands of Special Olympians, Carl was someone who always believed everything was possible. , Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC. His legacy is one of deep compassion and encouragement of the human spirit, Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC

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White House Officials Say Biden Will Decide on Student Debt Cancellation Before August [Video]

White House Officials Say Biden Will Decide on Student Debt Cancellation Before August

White House Officials Say , Biden Will Decide on Student Debt , Cancelation Before August. White House Officials Say , Biden Will Decide on Student Debt , Cancelation Before August. 'Insider' reports..

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White House Moves Closer to Canceling Student Debt, Schumer Says [Video]

White House Moves Closer to Canceling Student Debt, Schumer Says

White House Moves Closer to , Canceling Student Debt, Schumer Says. 'The Hill' reports Senate Majority Leader Chuck Schumer says White House officials are closer to canceling student loan debt "than..

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Biden Administration Offers New Start for Student Loan Borrowers in Default [Video]

Biden Administration Offers New Start for Student Loan Borrowers in Default

Biden Administration Offers New Start, for Student Loan Borrowers in Default. CNBC reports that as the Biden Administration announced another four-month pause on student loan payments. there was..

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