Date uploaded: 2022-11-22 22:15:38
President Joe Biden's plan for wider student loan debt forgiveness remains tied up in the courts. The pause had been scheduled to end on Dec. 31, but that date was coupled with plans for mass debt relief.
In a video message posted on Twitter, Biden defended his plan for far-reaching student debt forgiveness and said the extension of the moratorium was a way to address the ongoing legal challenges.
"I'm confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it," he said.
The exact end of the pause is uncertain. The Education Department said payments would start two months after litigation concludes or the mass debt relief program has been implemented.
It could last until June 30, but borrowers won't be required to make payments for an additional two months.
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