ToplinePresident Joe Biden on Wednesday announced the nationwide moratorium on federal student loan repayments will be extended again, from May 1 to August 31. Federal student loan payments haven't been required since March 2020. Until the new deadline, borrowers won’t face additional interest, collections or be forced to make payments on federally backed student debt. Key BackgroundThe latest extension marks the sixth time the federal government has suspended monthly student loan payments during the pandemic and highlights lingering uncertainty around the economic recovery. Further ReadingWhite House Reportedly Plans To Extend Student Loan Moratorium This Week (Forbes)

Source: Forbes April 07, 2022 08:31 UTC