03.16.22

Chairman Scott Statement on Need to Extend Student Loan Payment Pause

WASHINGTON – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement urging the Biden administration to extend the pause on student loan repayment, collections, and interest accrual through 2022.

“I am urging the Biden-Harris administration to extend relief for student loan borrowers through the end of this year.  Throughout the pandemic, the pause on student loan payments has been critical to helping borrowers and families cope with the economic fallout of the pandemic. 

“Unfortunately, many Americans are struggling to make ends meet as a result of worldwide inflation and ongoing global supply chain issues. By extending relief for student loan borrowers, the Biden-Harris administration would strengthen our economic recovery and provide student loan borrowers more time to prepare for loan repayment.  This would also help struggling student loan borrowers and families get back on their feet.

 

“I am committed to working with the administration and my colleagues in Congress to take additional steps to lower everyday costs for American families.”

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