Your student loans are paused–but not yet pardoned

On Jan. 20, at the request of President Joe Biden, the U.S. Department of Education announced that it would extend the federal student loan payment moratorium, suspending payments on student loans through Sept. 30. The interest rates on these loans…

Your student loans are paused–but not yet pardoned

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On Jan. 20, at the request of President Joe Biden, the U.S. Department of Education announced that it would extend the federal student loan payment moratorium, suspending payments on student loans through Sept. 30. The interest rates on these loans will also stay at 0 % until Sept. 30.

Federal student loan payments have been suspended since March 2020 as part of the federal government’s economic response to the COVID-19 pandemic. The moratorium extension came on the day of President Biden’s inauguration, and less than two weeks before the previous pause on payments was set to expire on Jan. 31.

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