Biden Administration Extends Student Loan Payment Suspension Through August 31, 2022

The payment suspension for most federal student loans will now last through August 31, 2022.

By , Attorney

On April 6, 2022, the Biden Administration announced that the U.S. Department of Education will extend the suspension of most federal student loan payments through August 31, 2022. Payments were set to resume on May 1 after being on hold since the beginning of the COVID-19 pandemic. This is the sixth time the moratorium has been extended in the last two years. However, the administration didn't announce any plans for widespread student loan cancellation.

Borrowers will have their payments automatically suspended without penalty or accrual of interest. Collection actions, wage garnishments, and Treasury offsets for defaulted federal student loans are also paused through August 31, 2022.

In addition, the administration announced that borrowers who are delinquent or in default can get a fresh start—have their loans returned to good standing, any delinquency cured, and again get access to several student aid benefits. The "Fresh Start" initiative will continue for one year after the COVID-19 payment pause ends.

Which Student Loans Does the Payment Suspension Cover?

The suspension applies to Federal Direct Loans and Federal Family Education Loans (FFELs), but only FFELs that the U.S. Department of Education owns, not nondefaulted FFELs held by other entities. Borrowers with Perkins Loans held by entities other than the Department of Education and nondefaulted HEAL loans also aren't covered.

Private student loan borrowers don't get relief either. If you have private student loans, call your lender to see if any alternatives are available to help you out.

Continuing Prohibition on Collection Actions, Wage Garnishments, and Treasury Offsets

Again, collection actions, wage garnishments, and Treasury offsets for defaulted federal student loans are on hold through August 31, 2022.

New Benefit: Millions of Federal Student Loan Borrowers Will Get Out of Default

One new benefit not included along with past payment suspensions is that millions of borrowers who defaulted on their federal student loans can have their loans restored to good standing and any delinquency cured.

Suspended Payments Likely Count Toward Income-Driven Repayment (IDR) Plan Forgiveness, Public Service Loan Forgiveness (PSLF)

As with previous payment pauses, suspended payments will likely count as qualifying payments for student loan forgiveness programs, including IDR forgiveness and PSLF forgiveness.

Earlier Student Loan Relief Under the Biden Administration

The Biden administration has canceled billions of dollars in federal student loan debt. In addition to the payment relief discussed in this article, the administration has:

Also, the American Rescue Plan Act exempts student debt forgiveness from federal taxation until January 1, 2026, and covers Direct Loans, FFELs, and private student loans.

Learn More

To get more information about the payment suspension and other available support for student loan borrowers, go to

Effective date: April 6, 2022