President Joe Biden delivers remarks on protecting Social Security and Medicare and lowering prescription drug costs in Hallandale Beach, Florida, on Nov. 1, 2022.
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The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans while its forgiveness plan remains blocked in the courts.
Federal student loan bills were scheduled to resume in January.
The administration’s move comes in response to a federal appeals court ruling last week that imposed a nationwide injunction on the debt relief plan.
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