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Biden to extend pause on federal student loan payments – CBS News

The president-elect’s transition team also said Mr. Biden supports Congress “immediately” cancelling $10,000 of federal student loans

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President-elect Joe Biden will extend the nearly year-long pause on federal student loan payments on “day one,” the first concrete promise the incoming administration has made to tackle the $1.6 trillion debt crisis.
Biden transition official David Kamin told reporters Friday that “alleviating the crushing financial burden of student debt” would be an immediate priority for the incoming administration as part of its commitment to “get our economy moving and keep Americans afloat.” That includes…

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