Biden Administration Will Extend Student Loan Pause To 2022, While Advocates Urge Cancellation

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Biden Administration Will Extend Student Loan Pause To 2022, While Advocates Urge Cancellation
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The Biden administration has decided to extend the pause on federal student loan payments to 2022

... [+]The Biden administration has decided to extend the pause on federal student loan payments to January 31, 2022.

“The payment pause has been a lifeline that allowed millions of Americans to focus on their families, health, and finances instead of student loans during the national emergency,” said Education Secretary Miguel Cardona in a statement on Friday. “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.

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