As you probably already know if you are repaying federal student loans, the last year’s CARES Act placed a moratorium on federal student loan repayment and interest accrual. Collections on defaulted federal loans were also halted. That moratorium expired under the terms of the Act on September 30, 2020. However, that deadline was twice extended by executive action under the Trump administration (on August 8, 2020, and on December 5, 2020) and was set to expire on February 1, 2021.
On January 20, 2021, the Acting Secretary of Education was instructed by President Biden to “extend the pause on federal student loan payments and collections and to keep the interest rate at 0%.” In the new administration’s January 20, 2021, fact sheet, it indicated that the current pause will continue “until at least September 30, 2021.”