Job Seeker News Hubb
Advertisement
  • Home
  • Career
  • Jobs
  • News
  • Talent Acquisition
  • Contact us
No Result
View All Result
  • Home
  • Career
  • Jobs
  • News
  • Talent Acquisition
  • Contact us
No Result
View All Result
Job Seeker News Hubb
No Result
View All Result
Home Jobs

Democrats Pressure Biden to Extend Payment Pause

admin by admin
July 29, 2022
in Jobs


A coalition of over 100 congressional Democrats called on President Biden in a letter sent Thursday to extend the pause on student loan payments that is set to expire Aug. 31.

For over two years, payments have been paused for the 45 million borrowers with outstanding federal student loan debt. During this time, more than 60 percent of borrowers have not made a single payment.

“This much needed pause has helped many borrowers to keep a roof over their heads, secure childcare, and purchase food, health care, and medicine during the course of a pandemic responsible for the deaths of more than 1 million people in the U.S.,” the letter said.

The letter noted that costs of food, housing, health care and childcare have risen throughout the last two years. They wrote that resuming student loan payments would put many borrowers at risk to choose between paying for necessities or their debt.

Recent reporting shows that student loan servicers have been told by the Education Department to hold off on sending billing statements to borrowers, which could be a possible indication that the Biden administration is planning to extend the pause, based on past actions.

However, many have expressed concern that the lack of communication with borrowers could make it harder to transition into repayment.

“Resuming student loan payments at this moment would further complicate administrative actions already underway or contemplated by the department—which could contribute to unnecessary confusion for borrowers in the upcoming months,” said the letter.



Source link

Previous Post

For Native Americans, Unequal Child Care Funding Leaves Tribes in Need

Next Post

Career AMA (Ask Me Anything) – Live Event

Next Post

Career AMA (Ask Me Anything) - Live Event

Recommended

DOL: Tech company Esri will pay $2.3M to settle pay discrimination claims

August 7, 2022

How To Run An Effective Brainstorming Session

July 23, 2022

Don't miss it

Talent Acquisition

New DOL Proposed Overtime Rule Expected In October 2022

August 19, 2022
Talent Acquisition

FOIA request prompts feds to ask: Should contractors’ EEO-1 data be made public?

August 19, 2022
Talent Acquisition

5 ways to retain high-performing employees

August 19, 2022
News

USC Viterbi Data Analytics Bootcamp: Review, Cost, and Guide

August 19, 2022
News

How to Improve Your Problem-Solving Skills

August 19, 2022
Jobs

Popular K-12 Tool Edmodo Shuts Down

August 19, 2022

© 2022 Job Seeker News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy.

Navigate Site

  • Home
  • Career
  • Jobs
  • News
  • Talent Acquisition
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Career
  • Jobs
  • News
  • Talent Acquisition
  • Contact us

© 2022 Job Seeker News Hubb All rights reserved.