President Biden issued an executive order extending a pause on federal student loan payments.<br />The order will cover the vast majority of all federal student loans.<br />Under President Biden's direction, the pause will allow borrowers to defer payments without penalty and reset interest rates to zero.<br />According to HuffPost, the pause will be in effect through at least the end of September 2021.<br />A pause on payments initially went into effect in March 2020 due to the coronavirus pandemic.<br />It was extended in December and was scheduled to expire on Jan.31
