1 minute read
The Biden administration has extended the repayment freeze on federal student loans while the debt relief plan remains blocked in the courts. It is now paused until after June 2023 or when the administration can move forward with their plan. This announcement comes after a recent ruling from the 8th U.S. Circuit Court of Appeals imposing a nationwide injunction on the debt forgiveness plan.
The repayment freeze will be extended until 60 days after the Biden administration is allowed to implement the plan and litigation has concluded. If things aren’t wrapped up by June 30, 2023, federal student loan repayments will restart 60 days later.
The Biden administration has asked the Supreme Court to allow the debt relief plan to become effective while the issue plays out in the courts. They have yet to rule on this request. Download the bulletin for more details.
National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.
