Millions of student loan borrowers who haven’t had to make a payment since the pandemic shut down the nation last winter just got an additional reprieve.
The payment pause, known as a forbearance, began March 13 as part of the original coronavirus relief package and has now been extended twice by the Trump administration, most recently through Jan. 31.
The pause has provided around 33 million borrowers with an interest-free respite from payments, preventing delinquency and subsequent default among those struggling to meet payments as the economy buckled.
