U.S. Senator Jack Reed issued the following statement supporting the Biden Administration's decision to pause student loan repayments through June 30, 2023:
"Extending the pause makes sense. It avoids confusion for student loan borrowers as to how much they will owe and what their monthly payments should be while the court works through the Republican challenges to the Biden Administration's plans to provide targeted student loan cancellation in response to the national emergency caused by COVID-19.
"The courts should act expeditiously to provide certainty to student loan borrowers."