Biden keeps student loan borrowers in suspense over payment pause

President Biden is keeping student loan borrowers in suspense over whether he’ll decide to again extend a freeze on repayments with less than two weeks to go until the Aug. 31 cutoff date.

It’s the smallest window of time borrowers have had so far since the pause in federal loan repayments began at the start of the COVID-19 pandemic with lawmakers and advocates pressuring the administration to make a decision that revolves around crucial financial planning.