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President-elect Joe Biden plans to ask the Department of Education on Wednesday to extend the pause on federal student loan payments through September 30, marking his first move to act on student debt in America.

The extension applies to the 42 million federal student loan borrowers in the country.

In a call with reporters on Tuesday, incoming Director of the National Economic Council Brian Deese said that the extention on loans is requested to alleviate some of the burdens many households are facing to pay basic expenses, and student debt is often a barrier to putting details ⇒

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