Did You Know? Another Pause on Student Loan Repayments | Beaufort County Now | Student loans in the U.S. total nearly $1.7 trillion, and at the start of the COVID-19 pandemic, President Trump temporarily paused federal student loan payments and dropped interest rates to zero. The original suspension, which began on March 13, 2020, was only meant to last two months.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of The James G. Martin Center. The author of this post is Grace Hall.

    Student loans in the U.S. total nearly $1.7 trillion, and at the start of the COVID-19 pandemic, President Trump temporarily paused federal student loan payments and dropped interest rates to zero. The original suspension, which began on March 13, 2020, was only meant to last two months. It has now been extended by both President Trump and President Biden multiple times.

    In the beginning of August, the Department of Education announced the final extension. The end date has been moved from September 30, 2021, to January 31, 2022. When student loan repayments resume, borrowers will have had a break for almost two years. Some experts are concerned about the ability of student loan servicers and borrowers to properly and smoothly restart payments. To add to the issue, two of the federal student loan servicers, FedLoan Servicing and Granite State Management, are ending their contracts with the federal government. Millions of Americans will now have new servicers to make payments to, after spending almost two years without making any payments at all.

    While some are against the extension of the student loan moratorium, others say that the temporary moratorium is not enough. Progressive Democratic senators like Elizabeth Warren have called for student loan cancellation of up to $50,000 for every borrower. With the average student loan balance hovering at $37,000, $50,000 in forgiveness would reduce the majority of individuals' student loan debts to zero.

    Elizabeth Warren, Chuck Schumer, and others argue that student loan cancellation would jump-start the economy and benefit millions of Americans. Opponents, however, argue that mass loan forgiveness would mostly benefit the rich and would unfairly punish the taxpayers who never went to college. Ultimately, they argue that loan forgiveness would not effectively fix the student loan problem currently expanding in the United States.

    Pausing student loan payments for all borrowers was an unprecedented move, and there is no blueprint for restarting student loan payments. The federal government is in uncharted territory.

    Grace Hall is an intern at the Martin Center and works and lives in Georgia.
Go Back


Latest Op-Ed & Politics

We will offer this allotment of three with more to come; some old, most new, but all quite informative, and, moreover, necessary to understanding that in North Carolina, there is a wiser path to govern ourselves and our People.
Comedian and actor Damon Wayans last week praised Dave Chappelle for his Netflix special “The Closer,” saying the politically incorrect content “freed the slaves,” referring to fellow comedians feeling trapped to perform within the confines of the Left’s terms, lest they be canceled.
I have been following the Sheppard case and the Franks case the last couple of years with a somewhat dispassionate interest. The wheels of justice grind and they do grind slow.
A judge appointed by former Democrat President Barack Obama issued an order on Wednesday blocking Texas’ pro-life law that protects unborn babies.
Supporters of Madison Cawthorn have conducted a poll in the newly-drawn 13th Congressional District, a district east of his current one that includes part of Mecklenburg County, with all of Gaston, Polk, Rutherford, McDowell and Burke.
Two more Democrats have announced their plans to retire and not seek re-election in the 2022 midterms, potentially shrinking House Speaker Nancy Pelosi’s (D-CA) already slim majority.
Intercollegiate sports, particularly football and basketball, have ever so slowly, over the years, inserted themselves insidiously into the fabric of most universities with the support of alumni, the business community, and their college presidents.
White House Press Secretary Jen Psaki said during Wednesday’s press briefing that John Kerry didn’t actually mean what he said when he claimed during an interview this week that President Joe Biden “literally” did not know what was happening with the recent crisis involving France.
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple


The Beaufort County Commissioners will get another bite at the patriotic apple, a fruit they far too often hold in great disdain, to pass this necessary resolution.
Marty Kotis said he was simply trying to start a public discussion when he proposed a motion related to anti-discrimination policies.
On Wednesday, Dr. Elana Yaron Fishbein, the founder of the group No Left Turn in Education, blasted the Biden administration’s DOJ after the Biden Justice Department ordered the FBI to investigate alleged “threats” against school board members and teachers.
President Biden's numbers in the Tar Heel State are in the gutter. According to a recent High Point University poll, Biden's approval rating is at a lowly 35 percent.
Former N.C. congressman Mark Walker, a Republican candidate for the state’s open U.S. Senate seat in 2022, has taken numerous calls urging him to shift gears and try instead to return to the U.S. House.
Officials have admitted they are rounding up people who are virus-free as well as those reported infected, since infection is merely an excuse for shipping people to concentration camps.  
New polling from Pew Research Center appears to show that a slight majority of Republicans and Republican-leaning independents do not want former President Donald Trump to be the Republican Party’s nominee in 2024.
An involuntary recusal, in the teeth of a Justice’s own judgment that recusal is not necessary, is in effect a public declaration that the Justice has engaged in conduct prejudicial to the administration of justice.
A 75-year-old New York man died last weekend after a hospital refused to give him the drug Ivermectin in a last-ditch effort to save his life, despite an order from a judge, an exclusive report from News10NBC’s Jennifer Lewke revealed.


Former Rep. Tulsi Gabbard (D-HI) responded to Rep. Cori Bush’s (D-MO) recent attack on Sen. Joe Manchin (D-WV) by saying that the attack was rooted in a “lack of a spiritual foundation.”
Ten Republican governors gathered in Mission, Texas, on Wednesday where they unveiled a 10-point plan to end Democrat President Joe Biden’s border crisis.
North Carolina’s top elected school official is calling the Biden administration’s national vaccine mandate a clear example of government overreach.
It has been two months since the start of the Fall semester at UNC-Chapel Hill. In those two months, four students have died by suicide on campus.
Energy Secretary Jennifer Granholm told CNN on Sunday that Americans will pay more to heat their homes this winter as energy prices continue to skyrocket and that the administration hopes that gas prices do not hit $4 per gallon.
Texas is bracing for an influx of 60,000 Haitian migrants, expected this week, but another caravan of Haitians has already crossed into southern Mexico, and its leader — an American — is vowing to lead the migrants to the United States-Mexico border, leaving in just over two weeks.
Social media is buzzing about Virginia’s Republican Lt. Gov.-elect Winsome Sears. Her story bears a striking resemblance to North Carolina’s Republican N.C. Lt. Gov. Mark Robinson. Sears became the first woman and woman of color to be elected to that office in the state’s history on Tuesday, Nov. 2.


Back to Top