{"id":5474,"date":"2021-01-01T08:00:00","date_gmt":"2021-01-01T13:00:00","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=5474"},"modified":"2020-12-11T09:19:46","modified_gmt":"2020-12-11T14:19:46","slug":"devos-suspends-student-federal-loan-payments-through-january","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=5474","title":{"rendered":"DeVos Suspends Student Federal Loan Payments through January"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2018\/01\/student-loan-debt.jpg\" alt=\"\" class=\"wp-image-3814\" width=\"397\" height=\"227\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2018\/01\/student-loan-debt.jpg 554w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2018\/01\/student-loan-debt-300x172.jpg 300w\" sizes=\"auto, (max-width: 397px) 100vw, 397px\" \/><\/figure><\/div>\n\n\n\n<p>The Trump administration on Friday suspended all federal student loan payments through the end of January and kept interest rates at 0 percent, extending a moratorium that started early in the pandemic but was set to expire at the end of this month, the Associated Press reported. By extending payments by one month, the administration is effectively leaving it to the Biden administration or Congress to decide whether to provide longer-term relief to millions of student borrowers. The measure was included in a March relief package and the White House extended it in August, but its fate was in doubt amid stalemate over a new relief bill. In announcing the extension, Education Secretary Betsy DeVos rebuked Congress for failing to act. \u201cThe added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate,\u201d DeVos said in a statement. \u201cThe Congress, not the Executive Branch, is in charge of student loan policy.\u201d Under the measure, students will not be required to make payments, their loans will not accrue interest and all collection activity will halt until the end of January. Last month, the American Council on Education and dozens of other higher education associations urged DeVos to extend the relief, saying that the recent surge in COVID-19 cases would likely lead to even more economic turmoil. President-elect Joe Biden has not directly addressed the moratorium but on Tuesday called for immediate relief including \u201crelief from rent and student loans.\u201d He has also supported proposals to erase up to $10,000 in student debt for all borrowers as part of a future virus relief package.<\/p>\n\n\n\n<p>Struggling financially? Please contact our office at 816-524-4949 or you can visit our website at&nbsp;<a href=\"mailto:https:\/\/www.hoorfarlaw.com\/\">hoorfarlaw.com<\/a>&nbsp;to schedule an appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Trump administration on Friday suspended all federal student loan payments through the end of January and kept interest rates at 0 percent, extending a moratorium that started early in the pandemic but was set to expire at the end &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=5474\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[267,76,736],"class_list":["post-5474","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney","tag-bankruptcy","tag-debt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5474"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5474\/revisions"}],"predecessor-version":[{"id":5534,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5474\/revisions\/5534"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}