Financial Relief

Citing continued economic fallout from the Covid-19 pandemic, President Joe Biden used his authority to pause required payments on student loans for millions of Americans across the country. The move is seen as welcomed relief for those carrying student loan debt. This action applies only to federally held and backed student loans; loans from private companies or third parties are not subject to this moratorium. This student loan pause has been in effect since the initial impact of the pandemic hit American shores in March of 2020. It was previously scheduled to expire on January 31, 2022 before President Biden extended the deadline. During the pause, most loan programs will