Student loan pause: Cardona says decision coming in ‘next week or so’ – USA TODAY

Uploaded by on August 22, 2022 at 2:28 am

WASHINGTON – The Biden administration will announce in “the next week or so” a decision on student loan payments, which have been on pause since March 2020, Education Secretary Miguel Cardona said on NBC’s “Meet the Press” on Sunday.

The student loan payment pause is set to expire Aug. 31.

“We’ve been talking daily about this, and I can tell you that the American people will hear within the next week or so what the president and the Department of Education will be doing around that,” Cardona said.

Beyond the pause in loan payments, the Biden administration has been under pressure from some Democratic lawmakers and student loan activists to forgive up to $50,000 in student loans.

Student loans:Student loan pause set to lift in September. Should borrowers repay or wait for forgiveness?

President Joe Biden in April said he was at the stage of looking at student loan reduction, but it would take a few weeks, but no formal announcements followed.

Cardona also addressed teacher shortages, saying they are “a symptom of what I call a teacher respect issue,” and added that “we need to respect the profession better.”

Source Article from https://www.usatoday.com/story/news/politics/2022/08/21/student-loan-payment-pause-cardona/7860072001/

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