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Student loan payments are due in less than 50 days

Student loan payments are due in less than 50 days

After five extensions on federal student loan forbearance, borrowers will have to resume payments come . The freeze on student loans will have lasted nearly two years by then; it began in under the CARES Act when the pandemic first shook the economy.

The freeze gave federal student loan borrowers the choice to continue to pay off their debt in order to cover other necessary expenses during the pandemic. Democrats including Senate Majority Leader Chuck Schumer, Rep. Alexandria Ocasio-Cortez, Sen. Elizabeth Warren, and Rep. Ayanna Pressley have continually pushed for President Joe Biden to extend the forbearance period.