Pause on US Student Loan Payments Extended Through January
The Biden administration on Friday announced that federal student loan payments will remain suspended through January 2022, extending a pause that began at the start of the pandemic and was scheduled to expire next month.The Education Department said this will be the final extension.Borrowers will not have to make payments on federal student loans during the moratorium, interest rates will be set at 0% and debt collection efforts will remain on pause. The suspension will expire on January 31, 2022.Education Secretary Miguel Cardona said it’s meant to give borrowers enough time to prepare for their payments to resume.”As our nation’smore
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