(THE HILL) -- President Biden on Wednesday extended the pandemic moratorium on federal student loan payments and interest accrual through May 1 amid surging cases of COVID-19.
The president announced the extension in a Wednesday statement that touted the strength of the economy during his first year in office but acknowledged the new threat posed by the omicron variant.
“Now, while our jobs recovery is one of the strongest ever, we know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” he said.
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