Biden extends pause on student loan payments until Aug. 31. What does it mean for borrowers?

President Joe Biden will extend the student loan freeze through Aug. 31, but the news is likely to bring little satisfaction to borrowers seeking long term relief.

The president didn't mention widespread cancellation, which has kept borrowers on edge since March 2020 when the freeze began under former President Donald Trump.

Meanwhile, Democrats are pushing for more aggressive forgiveness while Republicans are pressuring the president to resume payments.

By Chris Quintana.

Full story at Yahoo News.