SAN LUIS OBISPO, Calif. - Some Cal Poly students are happy with the Biden Administration's recent announcement that extends the student loan repayment pause from May 1 to August 31st.
“I think it’s really beneficial for students who are worrying about making those payments especially with all the COVID restrictions and just the effects COVID has had on people that are trying to work but can’t," said Cal Poly student, Trista Smith.
“I think that’s really good because a lot of people right now are going through economic hardship and don’t have the jobs or the funds necessary," said Cal Poly student, Lindsey Lucas.
The student loan repayment pause was first implemented in 2020 due to the COVID-19 pandemic.
“We are still recovering from the pandemic and the unprecedented economic disruption it caused, which, of course, is the root reason for this extension," said White House Press Secretary, Jen Psaki.
“People have financial hardships even when it’s not COVID, being a student graduate and having loans, so I think even without COVID, the time should still be extended," said Cal Poly student and athlete, Kryie Wilson.
“More people would be willing to go to school if it was cheaper and that’s more people with degrees that are needed for higher up jobs so it would just be beneficial all over," said Cal Poly student, Arielle Schube.
Borrows can expect a 21-day notice before their next payment is due, according to the Department of Education.