The White House on Friday extended a pause on federal student loan repayments, delaying them until Jan. 31, 2022, according to a statement from the Department of Education.
The reason why, according to the agency, is because federal officials believe “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.” The pause will be the final one, the department added.
