NAICU Washington Update

Student Loan Pause Extended

August 11, 2021

The Department of Education announced the final extension of the student loan repayment pause, pushing the end date to January 31, 2022.  According to the Department, “this additional time and a definitive end date will allow borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart.”

Borrowers will be notified of the extension and the new date for resumption of payments in the coming days and resources and information will be made available about how to plan for payment restart as the end of the pause approaches.

The student loan repayment pause has been extended multiple times since it was signed into law in March of 2020, with the most recent pause originally scheduled to end September 30. 

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