Released: December 08, 2020

Student loan forbearance given additional extension

Source: Justin Boggs - The Denver Channel 7

Education Secretary Betsy DeVos announced late Friday that the US government will extend a federal student loan forbearance on borrowers for an additional month as more businesses are closing due to a surge in coronavirus cases. This means that payments of federal student loans will not be due in January.

The decision does not impact private student loans, which have generally still required repayment by Americans during the pandemic.

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