Biden administration extends pause on student loan payments through January
As the U.S. continues to recover from COVID-19, the Biden administration announced on July 6 that federal student loan payments will remain suspended through January 2022.
The extension means borrowers will not have to make payments on federal student loans, and the interest rates will be set at 0%. Debt collection efforts will remain on pause until the suspension expires on Jan. 31, 2022.
This is an extension of a pause that began at the start of the pandemic, which was scheduled to expire next month. The Department of Education also said this will be the final extension. | From: AL DÍA (Read more.)