By Danielle Douglas-Gabriel: For Complete Post, Click Here…
Education Secretary Betsy DeVos on Friday extended the suspension of federal student loan payments through the end of January, giving Congress and the incoming Biden administration time to put in place a longer moratorium.
“The coronavirus pandemic has presented challenges for many students and borrowers, and this temporary pause in payments will help those who have been impacted,” DeVos said in a statement Friday. “The added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate. The Congress, not the executive branch, is in charge of student loan policy.”
The payment freeze, which was first introduced in March and later extended, had been set to expire Dec. 31.