Published On: Wed, Nov 23rd, 2022

Biden Administration Changes Current Deadline of Student Loan Debt Forbearance, Again—Kinda

Joe Biden speaks from a podium, holding his hands up with a "wait a minute" gesture

On November 22, The Biden Administration issued yet another extension on the requirement to pay back student loans, and this time there are some notable asterisks.

This extension comes after one of the many Republican-led legal challenges actually stuck, forcing the administration to stop dispersing debt relief immediately. Giving the debt relief time to work through the courts (all the way to the Supreme Court), President Biden announced what will happen to the tens of millions of payments stopped and those in a forbearance period (0% interest).

The Mary Sue

Comments are closed.


Most Popular Posts