Biden Announces Extension Date for Student Loan Payment Pause

President Joe Biden has announced his administration will extend the pause of student loan debt payments for an extra 90 days, stretching into May 2022.

The administration released a statement on the matter: 

Previously the White House was not planning on extending debt relief, with payments having been planned to resume on Feb. 1.

Democratic lawmakers, including Majority Leader Chuck Schumer and Senator Elizabeth Warren, applauded Biden’s decision and said in a statement that this extension will help improve borrowers’ economic security.