Connect with us

Hi, what are you looking for?


Student Loan Payment Pause to Resume By End Of August According to Biden

Biden-Promised Student Loan Forgiveness to Resume By End Of August to Students of Ohio

The pause in student loan payments would have to resume by August 30 of this year according to President Biden.

President Joe Biden with Miguel Cardona, Secretary of Education (Photo: CNBC)

Resumption of Student Loan Payments

Student loan borrowers amounting to 44 million will have to resume their payments by August 30, as stated by President Biden. The payments have been resumed after the unclear status of the loans of students, due to an extension in payment pauses to proposals of debt relief programs taken to court. According to the Education Data Initiative, students of Ohio have total student loans of up to $62.3 billion, with an average of $34,721 per student.

Montly payments have been paused since March of 2020 since President Biden attempted to cancel the debts of millions since then. When he implemented another extension last November, he promised that the student loan payment pause would resume on August 30 of this year.

READ ALSO: Illegal New York Weed Shops Could Procure Fines Of $200K Under New State Law Enforcement

How Students Should Prepare to Pay Their Loan Payments

When paying for loan payments, the Department of Education strongly advises students to check first the status of their loans, paying close attention to the receiver of the loan that their selected plan. Loan servicers are external companies that are in charge of the billing. Students can check their loan servicer on the dashboard of their Federal Student Aid. Alternatively, they can call the information center.

According to the Department of Education, loan receivers should not charge students for services of any kind, and students should notify their loan servicers if they would change any of their identifying information such as their address or contract number.

READ ALSO: Georgia Adults Turn To Credit Cards To Pay For Basic Living Expenses, Which Is The 12th Lowest In The U.S.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


A convicted felon in California was arrested after he tortured and hostage two women and staged it as burglary. Convicted Felon Tortured and Kidnapped...


The application for the program, Rise Up Cambridge, in Massachusetts will begin on June 1 and will end on July 31 and qualified residents...


Police authorities arrested a man in Oklahoma after he was accused of raping and killing his 18-year-old graduate who was about to graduate from...

Us News

News from Springfield, Illinois is that a bill that would require public restrooms in Illinois to be available to both genders is coming under...