Student Loan Payment Suspension Extended through September 30, 2021: What Borrowers Need to Know

On January 20, 2021, his first day in office, President Biden to extend the coronavirus-related payment suspension and 0% interest rate on certain federal student loans. This relief had been set to expire on January 31, 2021. Hopefully, this is the first of many actions Biden takes to fulfill his campaign promises to struggling student loan borrowers.