CNBC Television published this video item, entitled “Biden administration extending pause on student loan payments” – below is their description.
The Biden administration has extended the student loan pause to Jan. 31, 2022 to give students more time to start planning payments and avoid delinquency. This is the final extension to the pause. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
The Biden administration announced Friday it will extend the payment pause for federal student loan borrowers through January 2022.
Since March 2020, the borrowers have been given the option to press the pause button on their monthly bills, without interest accruing on their debt. Some 90% of borrowers have been doing so. The pause was scheduled to expire next month.
President Joe Biden has been under pressure from Democrats and advocates to give the 42 million Americans with student debt more time.
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