President Joe Biden has extended the student loan pause through January 31, 2022.
This is the final extension of student loan reliefWith the recent extension of the federal eviction moratorium, Biden has now extended student loan relief as well
. The Biden administration has now set a definitive date of February 1, 2022 for student loan repayment to commence. This will help provide certainty to student loan borrowers, who will now have approximately six months to plan for student loan repayment to restart. Expect the U.S. Department of Education to notify you in writing soon about this extension, provide access to resources and explain what it means for your student loans.
renew its 12-year-old contract with the U.S. Department of Education to service federal student loans . PHEAA services student loans for approximately 8.5 million student loan borrowers, which represents about 20% of all federal student loan borrowers. Granite State Management & Resources, which is part of the non-profit New Hampshire Higher Education Association Foundation Network, also announced it will end its federal servicing contract as of December 31, 2021. As a result, more than 10 million student loan borrowers will get a new student loan servicer in early 2022.
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