Biden Administration extends the student loan pause until January 31, 2022 August 6, 2021 Contact: Press office, (202) 401-1576, Press@ed.gov
Washington - Today, the US Department of Education UU (Department) announced a final extension of the pause in the refund of student loans, interest, and collections until January 31, 2022. The department believes that this additional time and a definitive end date will allow borrowers to plan the resumption of payments and reduce the risk of delinquency and non-compliance after restarting. The department will continue its work to travel the borrowers again in the refund, even improving student loan services.
"The pause in payment has been a line of life that allowed millions of Americans to focus on their families, health and finance instead of student loans during the national emergency," said the secretary of Education of the United States, Miguel Cardona. "As the economy of our nation continues to recover from a deep hole, this final extension will give students and borrowers the time they need to restart and guarantee a way without problems back to reimbursement. It is the priority of the department for Support students and borrowers during this transition and make sure they have the resources they need to access a high quality and high-quality higher education. "
The department will begin to notify borrowers about this final extension in the coming days, and will disclose resources and information on how to plan the payment restart, since the end of the pause approaches.
Today's action is one of a series of steps that the department has taken to support students and borrowers, make higher education more affordable and improve student loan service. , including:
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