President Joe Biden is expected to pause student loan payments through Aug. 31, once again extending the moratorium that has allowed Americans to postpone paying their debts throughout the COVID-19 pandemic, The Hill first reported.
The Biden administration is expected to announce Wednesday another pause on federal student loan payments which will impact roughly 43 million Americans who owe a combined $1.6 trillion in student loan debt, The Hill reported, citing multiple sources. The initial moratorium was scheduled to expire on May 1.
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