Do You Think Student Loan Debt Should Be Forgiven? Take Our Poll

DjelicS / Getty Images/iStockphoto
DjelicS / Getty Images/iStockphoto

The federal student loan payment moratorium has been extended from Dec. 31 to June 30, 2023.

The Biden administration made the move Nov. 22 as it awaits a Supreme Court ruling on the debt forgiveness program.

Take Our Poll: Do You Think Student Loan Debt Should Be Forgiven?

“The Administration is extending the pause on federal student loan repayments to allow for the Supreme Court to rule in the case on the student debt relief program,” the White House tweeted. “The pause will end no later than June 30, 2023. Payments will resume 60 days after the pause ends.”

Biden’s effort to forgive student loans has been blocked by a federal appeals court, days after a U.S. District Court judge in Texas also put a moratorium on the program.

The Biden administration intends to “continue to fight these baseless lawsuits by Republican officials and special interests,” White House Press Secretary Karine Jean-Pierre said on Nov. 14, the day the appeals court issued a temporary nationwide injunction against the plan.

Under the proposed plan, borrowers earning less than $125,000 (or $250,000 if married) could receive up to $10,000 in debt relief. Pell Grant recipients could receive up to $20,000.

Do You Think Student Loan Debt Should Be Forgiven?

This article originally appeared on GOBankingRates.com: Do You Think Student Loan Debt Should Be Forgiven? Take Our Poll

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