HARTSVILLE, S.C. (courtesy coker.edu and WBTW.com) — With the U.S. Department of Education recently extending the pause of repaying student loans until the spring of 2022, a recent WBTW-TV feature on the federal policy included an official from Coker University advising students on what the deferral means for recent Cobra graduates.
The Biden administration’s extension of a pause on student-loan payments until May 1 should not be viewed as a “get-out-of-loan-free card,” according to one Pee Dee college administrator.
The administration announced the three-month extension on Wednesday, but Patrick Riccards, vice president of college experience at Coker University in Hartsville, said students should not bank on their debt being eliminated entirely.
“This is a wonderful gift, particularly to those that have been struggling for the last few years, but this should not be seen as a get-out-of-loan-free card,” said Riccards, who oversees the university’s financial aid office.
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