Biden’s education secretary isn’t ruling out an extension of the student-loan payment freeze – Business Insider
- Education Secretary Miguel Cardona isn’t ruling out extending the pause on student-loan payments.
- Some Democrats argue that the freeze isn’t enough and that borrowers need full debt cancellation.
- Cardona said he would increase communication to borrowers in the case of federal debt cancellation.
In one of his first actions in office, President Joe Biden extended the freeze on student-loan payments through September 30. Education Secretary Miguel Cardona said on Monday that the department was looking at whether to resume payments and interest come October.
“Obviously we’re going to always take the lead from what the data is telling us and where we are as a country with regards to the recovery of the pandemic,” Cardona said during an Education Writers Association conference. “It’s not out of the question, but at this point it’s September 30.”
He added that with the repayment process, the department would have to work with borrowers “to make sure that we ramp up the communication and the clarity so that it’s smooth as possible.”