Biden Administration Extends Student Loan Pause Until January 31, 2022 -

"The Department believes this additional time and a definitive end date will allow borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart."

Why this is important: The relief, which was originally enacted in March of 2020, had been set to end on September 30, 2021 after several previous extensions. In prior statements, the Department said that this additional time and a definitive end date will permit borrowers to plan for the resumption of payments and reduce the risk of delinquency. In his statement, the Department Secretary said that the administration's policy decisions give priority to support students and borrowers during this transition and ensure they have the resources they need to access affordable, high quality higher education.