From CNBC.com…
Amid concerns about the new omicron variant of the Covid-19 virus, the Biden administration will extend the payment pause for federal student loan borrowers until May 1.
“We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” President Joe Biden said in a statement on Wednesday.
Since March 2020, borrowers have been given the option to press the pause button on their monthly bills without interest accruing on their debt. Almost all borrowers have accepted the relief, research shows.
