Biden Administration Extends Pause in Repaying Student Debt for Fifth Time During Pandemic

For the fifth time during the pandemic, the Biden administration has extended a pause in repaying student debt. This, despite the White House’s own admission that economic conditions don’t warrant the pause.
The pause in repayments will last for 90 days and expire in May.
The suspension of repayment for student loans was supposed to end in January. But now, “we know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” said Biden in a statement.