Millions of federal student lenders have not repaid their student loans for more than two years.
However, the payment stop will end on May 1, which is only 26 days away.
There are growing indications that Biden is likely to extend the suspension of student loan payments.
Even though he has not yet been an official. Things stand here.
The student loan payment expires in 26 days.
The CARES Act, passed by Congress in March 2020 in response to the Covid-19 pandemic.
It is responsible for the long-term elimination of most student loan payments (specifically for federal government-held student loans).
The provisions of the CARES Act on Student Loan Assistance have also stopped collecting interest
Also halted all efforts to raise funds against creditors who are not paid on federal student loans.