Student loan payments are expected to resume in January as President prepares to announce the final pause extension on Wednesday.Sources told Bloomberg reporters that the fifth extension for the final four months of the year, expected to come in an announcement on Wednesday, will be the last time repayment is deferred.Borrowers have had federal student loan payments and interest remain in limbo since the onset of the pandemic on March 20, 2020. The pause was extended by both former President and President Biden several times.
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