End Student Loan Payment Pause, Limit Executive Authority
This bill aims to end the current suspension of federal student loan payments and restrict the President's and Secretary of Education's ability to unilaterally suspend, defer, or cancel loans in the future. This means federal student loan borrowers will need to resume payments, and future relief will require Congressional approval.
Key points
The COVID-19 federal student loan payment pause will end 30 days after the bill becomes law.
The President or Secretary of Education will no longer be able to unilaterally suspend, defer, or cancel federal student loans without Congressional approval.
New rules limit payment suspensions to 90 days during a national emergency and exclude high-income earners (above 400% of the poverty line) from potential future relief.
Any future executive actions to suspend payments or cancel loans will be subject to Congressional review.
Status:
Expired
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