White House announces final extension of student loan repayment pause

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WASHINGTON (Reuters) – U.S. President Joe Biden’s administration on Friday announced a final extension of a coronavirus relief pause on federal student loan repayments, interest and collections until Jan. 31, 2022. A White House statement said the Department of Education “believes this additional time and a definitive end date will allow borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart.” (Reporting by Jonathan Landay and Timothy Ahman; Editing by Leslie Adler)

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