Student debt

Regional News • Americas • United States
Department of Education pauses federal student loan payments through September
Department of Education pauses federal student loan payments through September
Credit: unsplash.com/Philippe Bout

The Department of Education has extended "the pause on federal student loan payments and collections and keep the interest rate at 0%." Federal student loan payments have been suspended since March, an extension had previously been drafted in December's stimulus package but was ultimately cut.

"Too many Americans are struggling to pay for basic necessities and to provide for their families. They should not be forced to choose between paying their student loans and putting food on the table," so the statement by the White House.

Regional News • Americas • United States
Biden endorses Senator Warren's bankruptcy plan

The presidential nominee contender Joe Biden announced that he supports the bankruptcy plan that was proposed by his former rival Senator Elizabeth Warren. He specifically highlights the plans on enabling student loans to be eliminated in a case of bankruptcy. Currently, this only possible for other types of debt.