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The Biden administration is expected to extend payment pause for student loan borrowers through August 2022. This would be the sixth extension of the pandemic-era relief policy staying loan payments for the tens of millions of Americans with student debt.

According to CNBC.com, The Biden administration is expected to extend payment pause for student loan borrowers through August 2022. This would be the sixth extension of the pandemic-era relief policy staying loan payments for the tens of millions of Americans with student debt. The Biden administration has expressed reluctance to resume the payments before it has come to a decision on loan…