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Education Department extends student loan payment pause for 42 million borrowers amid Covid crisis



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US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020.NICHOLAS KAMM/AFP via Getty ImagesU.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause and interest waiver for student loan borrowers will be extended through the end of January. The department said it would also halt collection activity on federal student loans, including garnishing wages and Social Security checks, until next year.The 42 million Americans with federal student loans were offered a break from their …

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