December 26, 2021
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1:55Now PlayingFederal student loan payments will resume in May. This is to relieve those struggling with the effects of the pandemic.
President Joe Biden also called on borrowers to prepare for the restart of payments by considering enrolling in one of the government's income-driven repayment programs.
The moratorium had started under former President Donald Trump as the economy faltered during the early days of COVID-19, and Biden continued it.
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