General World News

Biden-Harris Administration Extends Student Loan Pause Through May 1, 2022

Today, the U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time for borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart. The Department will continue its work to transition borrowers smoothly back into repayment, including by improving student loan servicing. details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education