National Urban League Applauds the Biden Administration's Student Loan Repayment Extension Announcement
Washington, D.C. (December 22, 2021) – Today, National Urban League President and CEO Marc H. Morial issued the following statement in response to President Biden’s announcement to extend the pause on federal student loan repayment to May 1st, 2022:
“Today, President Biden gave the American people a much-needed holiday gift by taking action to extend the pause on federal student loan debt repayment. As the rise in Omicron variant cases have reminded us, our nation is still in the midst of a global pandemic that has impacted both our health and our economy. Many student loan borrowers, especially those in communities that have been disproportionately impacted by the pandemic, would have found it difficult to resume repayment in January and were at risk of falling behind in their payments.