Announcement on Student Loan Pause Expected Soon

An announcement regarding student loans is on it’s way as the end of the student loan payment pause is looming around the corner. According to U.S. Education Secretary Miguel Cardona, Americans can expect a decision from the Biden Administration in the ‘next week or so’. During a recent interview, Cardona said: “we’ve been talking daily about this, and I can tell you the American people will hear within the next week or so from the President and the Department of Education on what we’re going to be doing around that,” he did not elaborate on when that announcement will take place or details in the announcement. The White House also previously said that they’d be announcing something ahead of the August 31st deadline. Payments have been on pause since March 2020 and Biden has extended the pause four times with the most recent being in April.