The End of the Student Loan Pause Is Imminent

The student loan pause is rapidly coming to an end — and this time, President Joe Biden will probably not issue another extension.

  • That means that over 40 million borrowers will be returning to repayment for the first time in over three years — a truly unprecedented situation.

As part of the recent bipartisan bill to raise the debt ceiling, Biden managed to preserve his core student debt relief initiatives, including his student loan forgiveness plan.

  • But in negotiations with congressional Republicans, he agreed to codify the end of the student loan pause this summer. Payments are now set to resume after August.
  • With this new legislation tying his hands, Biden is unlikely to be able to continue to pause student loan payments after that, barring a new national emergency.

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