Students may be excited to hear that there will be some additional relief in 2022 regarding their student loan debt.
The pause on student loans in 2022 has been extended for another 90 days, bringing the new deadline to May 1, 2022.
This puts minds at ease who were concerned over the interest and collections surrounding student loans.
People also have more time to plan to repay their loans.
The Department of Education aims to make the transition from two years of not paying to regular payments easier.
Their plans are to improve issues within student loan servicing.
US Secretary of Education, Miguel Cardona, explained that the focus is and always has been supporting students through the pandemic.
Those who received hardships financially will now have a chance to catch a break.
Tools and services to support those with loans will continue to be provided before repayments begin.
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