On Friday, the Biden administration announced that it will extend the student loan pause, which was previously set to expire at the end of September, to January 31, 2022. The student loan moratorium has suspended payments, frozen interest, and postponed collections on most federal student loans since March 2020.
In its announcement on Friday, the Biden administration characterized this as the “final” extension of student loan relief to “give students and borrowers the time they need” to “restart” repayment. While there is no legal requirement that this be the final extension, and certainly anything is possible in early 2022, the Biden administration seems to be making it clear that borrowers should expect to resume repayment by February.
