WASHINGTON, DC - DECEMBER 15: Activists call on President Biden to not resume student loan payments in February and to cancel student debt near The White House on December 15, 2021 in Washington, DC. (Photo by Paul Morigi/Getty Images for We, The 45 WASHINGTON - The Biden administration on Wednesday extended a student loan moratorium that has allowed millions of Americans to put off debt payments during the pandemic.Under the action, payments on federal student loans will remain paused through May 1.
Interest rates will remain at 0% during that period, and debt collection efforts will be suspended. Those measures have been in place since early in the pandemic, but were set to expire Jan.