Student Loans Are Set to Be Paused Again, Pushing Payments to September

The White House is said to be planning to announce the sixth extension of the pandemic relief program, affecting tens of millions of borrowers.

President Biden will allow millions of federal student loan borrowers to freeze their payments until Aug. 31,

according to an administration official briefed on the matter, the latest extension of a pandemic relief measure that began more than two years ago.

The delay would be the sixth since the pauses began early in the pandemic,

and it would come less than a month before payments were scheduled to restart and affect tens of millions of borrowers

including 35 million who have not been making payments that would otherwise have been due

Those debts have not been accruing interest,

and seven million borrowers in default have received a break from paycheck garnishments and other collection efforts.