The Education Department on Friday extended federal student loan relief through Jan. 31, giving Americans another four months of no payments or interest.
Aug.6 (UPI) — The Education Department on Friday extended federal student loan relief through Jan.31, giving Americans another four months of no payments or interest. The pause on payments was first enacted by the Trump administration in March 2020 to help those economically impacted by the COVID-19 pandemic. The department said the additional time will give borrowers time to plan for resuming payments, reducing delinquencies and defaults after the restart. “The payment pause has been a lifeline that allowed millions of Americans to focus on their families, health, and finances instead of student loans during the national emergency,” Education Secretary Miguel Cardona said.
