The payment pause on federal student loans will be extended until after June by the Biden administration.
Student loan bills were due to resume in the new year.
The debt relief plan was put on hold by a federal appeals court.
The Education Secretary said in a statement that it would be unfair to ask borrowers to pay a debt that they wouldn't have to pay.
There are states with the highest and lowest credit scores.
The pause will be extended until 60 days after the Biden administration is allowed to implement its student loan forgiveness plan. 60 days after June 30, 2023, student loan payments will restart if it can't continue with its policy.
The policy has been extended eight times.
When the coronaviruses first hit the U.S., student loan payments were put on hold. Resuming the bills for more than 40 million Americans will be a huge task, and the Biden administration had hoped to ease the transition by waiving a large share of student debt.
A number of conservative groups and Republican-backed states attacked the policy in the courts after President Joe Biden announced his plan to get rid of student debt for millions of Americans. The Education Department shut down its loan cancellation portal this month after two of the lawsuits succeeded in temporarily stopping the relief.
A top official at the Education Department recently stated that student loan default rates could spike if the loan forgiveness plan is not implemented.
The extension was mentioned on Biden's social media accounts.
I am confident that our plan is legal. Biden said that it was on hold because Republican officials wanted to block it.
The Supreme Court will have time to hear the case in its current term, thanks to the extension of the payment pause.
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