Debt relief for borrowers of student loans has been extended into 2022, despite the Department of Education’s warning not to anticipate another break.

The Coronavirus Aid, Relief, and Economic Security Act, also known as the Cares Act, halted interest payments on federal student loans to assist individuals who are having difficulty meeting their financial obligations as a result of the pandemic.Negative credit reporting was stopped, as were collection actions on loans that had been defaulted on.

The original plan was to start making payments on student loans again on September 30, 2021; however, forbearance has now been extended until January 31, 2022.

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