Student loan payments: Moratorium on federal loan payments extended until Jan. 31 – The Washington Post

“The coronavirus pandemic has presented challenges for many students and borrowers, and this temporary pause in payments will help those who have been impacted,” DeVos said in a statement Friday. “The added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate. The Congress, not the executive branch, is in charge of student loan policy.”

The payment freeze, which was first imposed in March and later extended, had been set to expire Dec. 31.

The move gives the incoming Biden administration time to use executive authority to impose a further pause of the collection of federal education debt.
— Read on


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