Reed supports Biden’s decision on Student Loan Hold

PROVIDENCE, R.I. (WLNE) –  After the Biden Administration announced the extension of the Student Loan hold through to May 1, 2022, U.S. Senator Jack Reed issued this statement:

“I commend President Biden for providing continued relief and peace of mind for millions of Americans by extending the pause in repayment of student loans.

“While the economy is improving, there is no question that the surge of COVID-19 cases due to the highly contagious Omicron variant has impacted many people and their ability to repay their student debt.

“This pause on payments, interest, and collections will provide thousands of Rhode Islanders with real savings and security as we continue to combat the pandemic.

“In the longer term, Congress must take additional steps to make college more affordable, reducing the reliance on loans and delivering more need-based grant aid.”

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