Biden to extend freeze on student loan payments until Jan. 31

According to POLITICO, a source familiar with the decision said that the Biden administration will extend the pause on federal student loans payments to borrowers until January.The September deadline for the expiration of pandemic relief was set for September. It suspends monthly loan payments and interest payments for 40 million Americans. Officials said that the Education Department will issue a "final extension" of the relief to Jan. 31.After top congressional Democrats had been pressing the administration for months to extend the pandemic relief through next year, the decision was taken. After convincing the Biden administration of a new moratorium against evictions, progressives have intensified their advocacy.