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Reason
Reason
Corey Walker

Once Again, Joe Biden Extends the Moratorium on Federal Student Loan Repayment

Joe Biden Department of Education Donald Trump Troy Carter Los Angeles

President Joe Biden announced Wednesday that his administration will extend the pause on repayment for federal student loans through August 31, 2022. 

Student loans issued and owned by the Department of Education have been in deferment with no interest accrual since March 2020, when President Donald Trump's CARES Act authorized the Department of Education to stop collecting repayment as the economy closed in response to the coronavirus.  

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