© 2021 KOSU
Play Live Radio
Next Up:
Available On Air Stations
Help us answer phones and take pledges during our upcoming membership drive on Dec 6th & 7th. Sign up here!

Federal student loan payment moratorium quietly extended

The Biden administration had set May 1 as the end to a federal moratorium on requiring federal student loan payments more than two years after they were first paused because of the pandemic.

But the Education Department recently emailed unusual guidance to the companies that manage its $1.6 trillion student loan portfolio, throwing that timing into doubt. Don’t reach out to borrowers about that May 1 deadline, the guidance said.

Host Jane Clayson speaks with Roben Farzad, host of Public Radio’s Full Disclosure, about the latest there.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Hey! Did you enjoy this story? We can’t do it without you. We are member-supported, so your donation is critical to KOSU's news reporting and music programming. Help support the reporters, DJs and staff of the station you love.

Here's how: