Student loan relief extended through Jan. 31

The federal government is extending federal student debt relief through Jan. 21. Education Secretary Betsy DeVos made the announcement Friday.

Relief was first extended in March due to the coronavirus pandemic. It was extended once again during summer but was set to expire at the end of this month.

In addition to a pause on payments, DeVos has extended a halt on interest accrual and defaulted loan collections.

“The coronavirus pandemic has presented challenges for many students and borrowers, and this temporary pause in payments will help those who have been impacted," DeVos said in a statement. "The added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate."

Read more at NPR