Student Loan Payment Pause Extended To January 31st

Heavy on the minds of millions of Americans was the ever impending deadline to make a decision on student loan payments.

The Biden Administration has come to a decision to extend the student loan freeze until January 31st, 2022. During this period students will not have to pay back loans and interest will not accrue on outstanding balances.

The Democratic Party, which has power in all three bodies of government heavily campaigned on either lowering the student loan debt, or out right cancelling it.

Talks about Student Loans stalled in the Spring however, and is now circling amongst committees in the House of Representatives as well as The Senate.