WASHINGTON — President Joe Biden on Wednesday extended a pause on student loan repayments for an additional 90 days, following pressure from fellow Democrats and a spike in COVID-19 cases.
Federal student loan repayments were set to resume on Feb. 1 before Biden’s latest extension until May 1, marking the third delay he has issued.
In a statement announcing his decision, Biden said the pause to monthly student payments has “given 41 million Americans badly-needed breathing room during the economic upheaval caused by the global COVID-19 pandemic.”