The Biden administration is extending the pause on federal student loan payments one last time until January 31.
The pandemic relief benefit was set to expire on September 30 after an unprecedented 19-month suspension. The freeze was initially put in place by Congress and then extended by both the Trump and Biden administrations.
“As our nation’s economy continues to recover from a deep hole, this final extension will give students and borrowers the time they need to plan for restart and ensure a smooth pathway back to repayment,” said Education Secretary Miguel Cardona in a statement.
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JUST IN: The Biden administration is extending the pause on federal student loan payments until January 31 https://t.co/dbdmIBSNBf
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