Biden Extends Break on Repaying Student Loans

The Education Department said Wednesday night that at President Joe Biden's request, it is continuing to give student loan borrowers a break from making their monthly payments for another nine months, until Sept. 30. The department's student aid website was also updated to reflect the pause had been extended. The department said the order came from Phil Rosenfelt, who was named acting education secretary. However, advocacy groups for borrowers urged him to go further.

The move is the latest extension borrowers have gotten from having to resume making payments after former president Trump in August granted a moratorium through the end of last year. With borrowers facing the prospect of having to make payments again, then-Education Secretary Betsy DeVos on Dec. 6 extended the moratorium until Feb. 1.