(ABC News) The Biden administration has announced it is extending pandemic relief for student loan repayments, interest and collections through January 31, 2022, referring to it as the “final” extension.
The pause has been in effect since former President Donald Trump signed the CARES Act in March 2020 and was extended by both him and President Joe Biden. It was most recently set to expire on Sept. 30. The Department of Education says the extension will give borrowers time to plan to resume payments and reduce the risk of delinquency and default.
Borrowers will be notified about the new extension “in the coming days” and the Education Department is expected to provide information about how to plan for restarting payments.
