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Nearly two months before the pause on student-loan payments was set to lift, the Biden administration extended the student loan freeze through January 2022.
On Friday, the administration renewed the pause on payments, along with waived interest, to give borrowers more time to financially prepare to restart their payments.
This decision answers the calls of many Democrats and advocacy groups who have argued that both borrowers and servicers need more time to prepare to resume paying off, and collecting, student loans, especially for those still reeling from the financial effects of the pandemic.
“The payment pause has been details ⇒
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