This is reported by TASS with reference to the statement of the US Department of Education.

"The ministry believes that the additional time and the exact end date (the moratorium. -

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) will allow borrowers to plan the resumption of payments and reduce the risk of delays in payments and default (on loans. -

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)," the ministry said in a statement.

According to The Hill, the moratorium on student loans was imposed last year due to the pandemic and expired in September 2021.

At this time, borrowers could not make payments on loans, interest on the balance was not charged.