WASHINGTON D.C. -- The Biden administration is yet again extending the pause on federal student loan payments, a benefit that began in March 2020 to help people who were struggling financially due to the Covid-19 pandemic, a source familiar with the plan said.

The Biden Administration has extended the moratorium on federal student loan payments until May 1, The Associated Press reports. According to the AP, interest rates on student loans will remain at 0% and debt collection efforts will remain suspended.

More than 350,000 Californians are now behind on their student loan payments. Here's what to know if you're paying off student debt, from changes to income-driven repayment plans to the latest legal proceedings.

EAU CLAIRE, Wis. (WEAU) - The federal mandate on student loan repayments has students and financial officials talking about different repayment options. Given the extension of the 2019 student loan freeze, many students are unsure of their best repayment ...

The Chancellor froze student loan repayment thresholds until 2030 on plan 2, meaning more low earners will start repaying 9% of their salary sooner.

Chancellor Rachel Reeves said on Wednesday that the salary threshold at which graduates on “Plan 2” loan schemes begin to repay their student debt would remain frozen at £29,385 for three years from April 2027. Once students earn over this salary threshold, 9 per cent of their earnings are deducted to cover their student loans.

By freezing the threshold, more graduates will be pushed into repayment as wage growth increases their salaries