Biden Extends, Pause on , Student Loan Payments.br On April 6, President Joe Biden announced br that a pause on federal student loan payments br will now be extended until August 31.br On April 6, President Joe Biden announced br that a pause on federal student loan payments br will now be extended until August 31.br ABC reports that this is the sixth extension br that has been put in place since the br pandemic began over two years ago. .br The decision comes less than br a month before payments were br scheduled to begin again in May. .br The extension potentially affects millions br of people who would have otherwise br been unable to make their payments.br As I recognized in recently extending br the COVID-19 national emergency, br we are still recovering from the br pandemic and the unprecedented br economic disruption it caused, Joe Biden, President of the United States, via ABC.br If loan payments were to resume on schedule br in May, analysis of recent data from the br Federal Reserve suggests that millions br of student loan borrowers would face br significant economic hardship, and br delinquencies and defaults couldbr threaten Americans’ financial stability, Joe Biden, President of the United States, via ABC.br If loan payments were to resume on schedule br in May, analysis of recent data from the br Federal Reserve suggests that millions br of student loan borrowers would face br significant economic hardship, and br delinquencies and defaults couldbr threaten Americans’ financial stability, Joe Biden, President of the United States, via ABC.br NBC reports that Biden has faced br pressure from fellow Democrats to eitherbr pause or cancel student loan debt. .br The issue of student loan debt br will reportedly play a role in midterm br elections around the country. .br Progressive Democrats have reportedly br criticized the administration for the br ongoing uncertainty borrowers face. .br NBC points out that Biden promised $10,000 in student br loan forgiveness for borrowers during his election br campaign but has yet to make that promise a reality.