Race Jones
gangster. grace. alchemy
The Biden administration is developing plans for how it will restart federal student loan payments early next year when the pandemic pause on monthly payments for tens of millions of Americans ends, according to documents obtained by POLITICO and two sources familiar with the plans.
The Education Department is eyeing proposals that would give borrowers new flexibility as they face student loan bills for the first time in nearly two years, such as an initial grace period for missed payments, the documents and sources show.
Biden quietly deciding how to restart student loan payments
The plans, some of which are still in progress and not finalized, are aimed at averting a potential surge in delinquencies when payments resume in February.
www.politico.com