Don't pay off your student debt in January, Biden's Education Department says: 'Millions of borrowers would be making payments they may not owe'

Dec 22 2022 by Business Insider

 
President Joe Biden.

AP Photo/Evan Vucci

The Education Department told borrowers in an email they are not required to resume payments in January. Before Thanksgiving, the department announced another extension of the payment pause. The pause will go through June 30, 2023, or whenever litigation is resolved, whichever comes first.

President Joe Biden's Education Department doesn't want you to pay off your student debt in January.

On Wednesday, the department sent an email to federal borrowers...

Continue Reading Don't pay off your student debt in January, Biden's Education Department says: 'Millions of borrowers would be making payments they may not owe'