The Department of Education (DOE) has extended the pause on student loan repayment, interest, and collections through August 31, 2022.
The extension provides additional time for borrowers to plan for the resumption of payments, reducing the risk of delinquency and defaults after restart. During the extension, the DOE will continue to assess the financial impacts of the pandemic on student loan borrowers and to prepare to transition borrowers smoothly back into repayment.
Transition also includes allowing all borrowers with paused loans to receive a โfresh startโ on repayment by eliminating the impact of delinquency and default and allowing them to reenter repayment in good standing.
For more info, see https://www.ed.gov/news/press-releases/biden-harris-administration-extends-student-loan-pause-through-august-31
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