Borrowers will be given more time to select a payment plan, pay off their loans, or rehabilitate their loans.
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The Education Department said the delay is part of “the Trump Administration’s commitment to provide better support for current and future borrowers in repayment.”
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The agency blamed the Biden administration for “misleading” borrowers into taking out loans, believing they would not have to be repaid.
“After the Biden Administration misled borrowers into believing their student loans would not need to be repaid, the Trump Administration is committed to helping student and parent borrowers resume regular, on-time repayment, with more clear and affordable options, which will support a stronger financial future for borrowers and enhance the
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