Federal Student Loan Borrowers Get Another Payment Pause As Omicron Wallops U.S.
Payments on federal student loans will be paused through May 1, 2022, under the new extension. Furthermore, interest rates will remain at zero percent and debt collection will be suspended. This extension means that the current measures will not expire on January 31 as many had feared. “We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” said President Joe Biden in a statement....