Biden Likely To Extend The Student Loan Payment Pause — Here’s Why

Millions of federal student loan borrowers have not had to pay their student loans for over two years

But the payment pause is set to end on May 1, which is in just 26 days

There are increasing signs that Biden is likely to extend the student loan payment pause again

although so far, there is nothing official. Here’s where things stand.

Student Loan Payment Pause Expires in 26 days

The CARES Act, which Congress enacted in March 2020 in response to the Covid-19 pandemic

is responsible for the long-running pause on most student loan payments specifically for government-held federal student loans

Congress envisioned six months of relief when it passed the CARES Act. But as the Covid-19 pandemic and the associated economic fallout

President Trump issued several extensions, and President Biden then followed suit.