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The Biden administration has not yet addressed how the latest extension of borrower relief may affect that.

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President Trump said in a tweet Thursday that he is looking into using his executive powers to continue providing help for those with student loans during the pandemic.

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Remember that interest will continue to accrue and the term of your loan will lengthen.

You will still get credit for these next six months as if you had been paying.

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He promised to release a second economic plan in February, but you can still make payments of any amount over the next six months if you want to reduce your balance.

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Student loans issued by private lenders and state student loan authorities are not covered by the relief measures.

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News provided by The Associated Press.

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