Pause on Student Loan Payments is Extended Through May 1

The Biden administration extended a student loan moratorium that has allowed tens of millions of Americans to put off debt payments during the pandemic.

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FILE - Students walk on the campus of Indiana University of Pennsylvania in Indiana, Pa., Oct. 21, 2020. The Biden administration on Wednesday, Dec. 22, 2021, extended a student loan moratorium that has allowed millions of Americans to put off debt payments during the pandemic. Under the action, payments on federal student loans will remain paused through May 1, 2022. (AP Photo/Gene J. Puskar, File)
Image via AP Photo/Gene J. Puskar

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — The Biden administration on Wednesday extended a student loan moratorium that has allowed tens of millions of Americans to put off debt payments during the pandemic. Under the action, payments on federal student loans will remain paused through May 1. Interest rates will remain at 0% during that period, and debt collection efforts will be suspended. Those measures have been in place since early in the pandemic, but were set to expire…

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