Updated: February 24, 2021
The Biden administration announced on Wednesday it was extending a pause on federal student loan payments.
“At the request of President Biden, the Acting Secretary of Education will extend the pause on federal student loan payments and collections and keep the interest rate at 0%,” the administration said in a statement.
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“Too many Americans are struggling to pay for basic necessities and to provide for their families. They should not be forced to choose between paying their student loans and putting food on the table.”
United States Department of Agriculture (USDA) also extended evictions and foreclosure moratorium to March 31, 2021, and Provided additional guidance for servicing loans impacted by COVID-19.