Today, the Biden administration announced that it would extend its pause on student loan repayments — which were scheduled to resume on February 1, 2022 — for an additional 90 days.
Citing the continuing hardships brought on by the COVID-19 pandemic, the administration said the extension would not end until May 1, 2022, at the earliest.
In response, Sherrilyn Ifill, President and Director-Counsel of the NAACP Legal Defense and Educational Fund, Inc. (LDF), issued the following statement:
“We are deeply gratified that the President and Vice-President recognized the importance of continuing this critical relief for young people struggling under the overwhelming burdens of student debt. Our economy can only be strong when we secure the active engagement and financial stability of young adults. This is an important and welcome announcement.”
Founded in 1940, the NAACP Legal Defense and Educational Fund, Inc. (LDF) is the nation’s first civil and human rights law organization. LDF has been completely separate from the National Association for the Advancement of Colored People (NAACP) since 1957—although LDF was originally founded by the NAACP and shares its commitment to equal rights. LDF’s Thurgood Marshall Institute is a multi-disciplinary and collaborative hub within LDF that launches targeted campaigns and undertakes innovative research to shape the civil rights narrative. In media attributions, please refer to us as the NAACP Legal Defense Fund or LDF. Follow LDF on Twitter, Instagram and Facebook.