Biden Extends Student Loan Pause to May 2022

Here’s What It Means

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President Biden announced December 22, 2021 that his administration would be extending the student loan pause again until May 1, 2022. He had previously said that the ‘final’ extension of the student loan payment and interest pause would be January 31, 2022.

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What does this mean for borrowers wishing to make long term plans on how to pay back their student loans?

Let's take a look. 

Prior Extensions

HEad to the blog to learn how these happened

Trump Extension #1: October 1, 2020 – December 31, 2020 Trump Extension #2: January 1 – January 20, 2021 Biden Extension #1: January 20, 2021 – September 30, 2021 Biden Extension #2: October 1, 2021 – January 31, 2022 Biden Extension #3: February 1, 2022 – May 1, 2022

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-ECONOMIC  -OPERATIONAL  -POLITICAL -PUBLIC HEALTH 

incentives for extensions?

Could Biden Extend the Student Loan Pause Permanently?

NO but head to the blog to learn why

Could There Be Another Extension After this One?  If there’s an Omega wave, then yes.

LISTEN TO THE STUDENT LOAN PLANNER PODCAST! 

want to learn more? 

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Should Borrowers Change their Student Loan Repayment Strategy After the Pause Extension?

GET READY BY FOLLOWING THESE STEPS

YOUR NEXT STEPS

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