Biden Administration Pauses This Payment

Biden Administration Pauses This Payment
Photo by Sharon McCutcheon / Unsplash

Here's what happened.

The Biden administration paused the student loan payments until a further date. This comes after the administration is dealing with high inflation and other economic issues.

The administration was supposed to release these payments  in their efforts to cancel out student debt. The new date for these payments to release is in May of 2022. The administration has stated that they will release these payments and that Americans need to be patient.

This payment is set to help anyone who is in college and is in debt from their tuition. Many individuals are waiting for this payment to set so their debt can go down.