Biden's Education Secretary confirms the process of resuming student-loan payments will start 'no later than June 30': 'The emergency period is over'
in limbo and awaiting a final decision from the Supreme Court, some lawmakers asked Cardona what the year ahead will look like for borrowers. extended the student-loan payment pause
through 60 days after June 30, or 60 days after the Supreme Court issues its final decision. That was the eighth extension of the pause, and Cardona confirmed that it would be the last. "We recognize that during the pandemic that was very difficult for borrowers. And we are committed to making sure that once the decision is made, that we're going to resume payments for 60 days after, but no later than June 30," Cardona said during the hearing, referring to the Supreme Court decision."We're going to begin that process."
"We recognize that our borrowers need information and they need a long on-ramp because it has been three years of resuming payments. We're confident, Senator, that the Supreme Court will rule in favor of the targeted debt relief, providing relief for millions of borrowers, and we want to make sure that the information that borrowers get is accurate," Cardona said."We do plan on making sure it's a smooth reentry to repayment.
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