Biden extends coronavirus student loan relief for what authorities say is the last time

The Biden administration has extended COVID-19 student debt relief through the end of January 2022, the Department of Education announced Friday.

“This will give the Department of Education and borrowers more time and more certainty as they prepare to restart student loan payments,” Biden said in a statement. “It will also ensure a smoother transition that minimizes loan defaults and delinquencies that hurt families and undermine our economic recovery.”