This week, President Joe Biden extended those protections through Sept. 30 via executive action.
Biden is also among those who have called for more comprehensive reform to address the nearly $1.6 trillion student loan debt crisis, expressing support for canceling $10,000 of federal student loan debt per borrower.
More progressive legislators want to go further.
What’s an indebted student or graduate to make of all this?
There are several types of student loans and student loan payment plans, and each person’s financial circumstance is different. Before making any decisions about changes to your student loan repayment strategy, experts advise consulting with a nonprofit financial counseling organization.