Policy Updates

policy Update



Encouraging Development for Student Loan Borrowers: Payment Pause Extended Through August 31, 2022


On April 6, 2022, the Biden-Harris Administration Extended the Student Loan Payment Pause Through August 31, 2022. Borrowers do not have to pay their student loans during this period, and they will not accrue interest or be referred to collections. In addition, the U.S. Department of Education is moving to pull millions of federal student loan borrowers out of default status and mark their accounts as current, giving borrowers a “fresh start” on repayment.