Federal Student Loan Forbearance extended until Aug. 31

The Biden administration, on April 6, extended the federal student loan forbearance interest-free payment pause through Aug. 31, 2022.

The U.S. Department of Education Office of Federal Student Aid began providing temporary relief on ED-owned federal student loans that included the suspension of loan payments, stopped collections on defaulted loans and provided a 0% interest rate in March of 2020. Later that month, the COVID Emergency Relief Flexibilities became law as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act).

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