Statement: Student loan suspension extension gives millions another month of certainty, but more needs to be done


Dec. 4, 2020

Alexis Goldstein,

Statement from Alexis Goldstein, Senior Policy Analyst, Americans for Financial Reform:

In October, AFR joined 76 other organizations to call on Secretary DeVos to extend the federal student loan suspension. We are glad that Secretary DeVos has heeded this call, extending the suspension through the end of January 2021. This extension means that millions of borrowers have an additional month of both certainty and breathing room.

But we still need a long term solution. We look forward to seeing the incoming Biden administration extend the federal student loan suspension even further, ensure all federal student loan borrowers are covered, and provide crucial relief to millions by cancelling federal student debt via executive action.