“The American Dream itself is coming back to life,” said U.S. Rep. Hank Johnson, D-Ga., who joined a conference call with federal officials and other lawmakers.
The federal government paused student loan repayments in March 2020, at the start of the coronavirus pandemic, as the nation grappled with the economic impact of the crisis. The pause is scheduled to end in January.
U.S. Department of Education officials told reporters they will release additional details in a few weeks on how borrowers can benefit from the plan. Federal officials stressed all communications will come directly to borrowers, noting there are some people conducting “unethical practices” to scam them. Updates on the program can be found at studentaid.gov.