Millions of people in the United States behind on student loan payments will get a fresh start, according to the White House.
On April 6, President Joe Biden’s administration announced an extension of the pause on student loan payments until Aug. 31, 2022. The extension will allow additional time for students to plan for the resumption of payments, the U.S. Department of Education says.
The pause will also allow students to get a “fresh start” on repayment by “eliminating the impact of delinquency and default and allowing them to re-enter repayment in good standing,” the agency said in a news release.
