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Nurse She’s black She’s a queen She’s a healthcare worker Living her best life poster

 

 The fast-approaching expiration date was estimated to put as many as 40 million renters at risk of losing the roofs over their heads, according to a report co-authored by leading housing experts, academics and nonprofits. Congress had approved a one-month extension of the protection in December. —Abby Vesoulis

Biden calls on Department of Education to extend student loan moratorium

Approximately 45 million Americans collectively owe more than $1.5 trillion in student loans. On his first day in office, Biden advocated for a lot of them to get some relief through an extension of a student loan moratorium.

In an executive order signed Wednesday, Biden requested the Department of Education to extend the suspension of most federal student loan payments through Sept. 30.

The existing moratorium, which first became policy in March, was set to expire at the end of January. Now borrowers of federal student loans have eight more months until they have to resume accruing interest or worry about being sent to collections for defaulting on payments.

Biden’s action will surely help borrowers that have been impacted by the economic consequences of the pandemic, but some student debt activists and borrowers are disappointed by the scale of the relief. Many had hoped Biden would invoke the Higher Education Act to not just pause but erase up to $50,000 of student loan debt per borrower—a power that a handful of lawmakers and experts have argued a President holds.

 

 

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