MEFA Consumer Alert Update - Student Loan Payment Pause Extended Through May 1, 2022
On December 22, 2021, President Biden issued a statement announcing that he will extend the pause on federal student loan repayment for an additional 90 days, through May 1, 2022. This is in response to "the ongoing pandemic and to further strengthen our economic recovery." You may find the President's full statement here.
Last week, MEFA issued a consumer alert with guidance for federal student loan borrowers who were affected by the pause on student loan repayment, which was scheduled to end next month. As you look to May 1st, MEFA is available to offer general guidance for a smooth transition back into repayment.
Should you have specific questions, MEFA advises consumers to visit StudentAid.gov/coronavirus for further information and updates.