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Biden administration extends pause on federal student loan payments through January

The Education Department said it will begin notifying borrowers about the final extension in the coming days.

Miguel Cardona speaks after President-Elect Joe Biden announced his nomination for Education Secretary on Dec. 23, 2020 in Wilmington, Delaware. Cardona announced Friday that the federal government is extending the pause of student loan payments until Jan. 31, 2022. (Joshua Roberts/Getty Images/TNS)
Miguel Cardona speaks after President-Elect Joe Biden announced his nomination for Education Secretary on Dec. 23, 2020 in Wilmington, Delaware. Cardona announced Friday that the federal government is extending the pause of student loan payments until Jan. 31, 2022. (Joshua Roberts/Getty Images/TNS)Read moreJoshua Roberts / MCT