U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024.
Federal student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said.
The development on Monday comes as the administration has been dragged into a slew of legal battles waged by Republicans over its recent student loan relief efforts.
The borrowers who are excused from their monthly payments are those enrolled in the Biden administration's new SAVE plan.
Before the legal challenges, the Education Department had already forgiven $5.5 billion in student debt for 414,000 borrowers through the SAVE Plan.
Persons:
Joe Biden, Biden
Organizations:
Madison Area Technical, Truax, Federal, U.S . Department of Education, Biden, Education Department, SAVE
Locations:
Madison , Wisconsin, U.S, Kansas and Missouri