Department of Education Extends Federal Student Loan Relief
On December 22, 2021, the U.S. Department of Education announced it will extend the federal student loan relief until May 1, 2022 [U.S. Department of Education, Press Release, 12-22-21].
During this extension of relief for federal student loan borrowers, repayments, interest, and collections are still halted, and any borrower with defaulted federally held loans whose employer continues to garnish their wages will receive a refund of those garnishments.
The relief had been set to expire on January 31, 2022. The Department of Education will release information about the payment restart as the end of the pause approaches.
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Jyme Mariani, Esq., is Managing Editor of Payroll Currently and Senior Manager of Payroll Information Resources for the APA.