President Biden’s student loan handout is on hold.
According to a report from Fox News, Biden is extending the pause on federal student loan payments through the end of June 2023 in an effort to “alleviate uncertainty” regarding the legality of his handout promise.
Joe says he is “confident” that his “student debt relief plan is legal.”
“But it’s on hold because Republican officials want to block it,” Biden tweeted, announcing that Education Secretary Miguel Cardona is “extending the payment pause to no later than June 30, 2023, giving the Supreme Court time to hear the case in its current term.”
The announcement comes after Biden vowed to end the COVID-era student loan payment pause on Dec. 31, 2022.
“The student loan payments pause is going to end,” the president said on Aug. 25 after announcing his executive order canceling student loan debt for some Americans. “It’s time for payments to resume.”
Joe shared a video update on Twitter:
“I’m confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it. That’s why @SecCardona is extending the payment pause to no later than June 30, 2023, giving the Supreme Court time to hear the case in its current term.”
Watch below:
I'm confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it.
That's why @SecCardona is extending the payment pause to no later than June 30, 2023, giving the Supreme Court time to hear the case in its current term. pic.twitter.com/873CurlHFZ
— President Biden (@POTUS) November 22, 2022
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