WASHINGTON – The US Department of Education will extend the break on federal student loan payments and interest rates will remain at 0% after an executive order from President Joe Biden.
“Too many Americans struggle to afford basic necessities and provide for their families. They shouldn’t be forced to choose between paying off student loans and putting food on the table,” said a statement. of White House.
The extension will expire on September 30, 2021. The Federal Student Aid website states that it will continue to update all new dates over time.
FILE – Democratic presidential candidate former US Vice President Joe Biden appears at the Iowa State Educators Association (ISEA) forum to speak at the Sheraton West Des Moines Hotel on January 18, 2020 in West Des Moines , Iowa. (Spencer Platt / Getty Images)
The extension of the suspension of student loan payments is one of many extensions that have been issued as the pandemic rages in the United States and around the world, with many students resorting to online learning or being evicted from dormitories with nowhere to go. Others who completed college but still pay off their student loan debt have lost their jobs.
At the start of the pandemic in March, Congress enacted the Coronavirus Aid, Relief and Economic Security Act (CARES Act) that allowed student loan payments to be suspended until September 30, 2020. As cases increased and there did not appear to be an end to the pandemic in the near future, the hiatus was extended once again until December 31, 2020, and then again until January 31, 2021.
Being married to an educator himself, Biden has put education at the forefront of his campaign, saying he will “support our educators by giving them the pay and dignity they deserve” through competitive pay and benefits. , according to his campaign website.
FILE – Jill Biden, wife of Democratic presidential candidate Joe Biden, attends a back-to-school tour at Shortlidge Academy in Wilmington, Delaware on September 1, 2020.
He even pledged to make community college tuition free, while providing a similar benefit to students from working-class or lower income families to attend public schools as well.
In his early days as Commander-in-Chief, Biden took the lead, signing more than a dozen executive orders on inauguration day, just hours after taking the oath.
The executive actions were an attempt to essentially rewind the last four years of federal politics with striking speed. Only two recent presidents signed executive actions on their first day in office – and each signed only one. But Biden, in the face of the debilitating coronavirus pandemic, intends to show a sense of urgency.
The president signed 10 other decrees on Thursday, specifically related to the ongoing COVID-19 pandemic. With those orders, Biden launched a national COVID-19 strategy to step up vaccinations and testing, reopen schools and businesses, and increase the use of masks – including a requirement that Americans mask themselves for travel.
The Associated Press and Kelly Taylor Hayes contributed to this report.