Biden Freezes Student, Loan Payments Until May 1.br NPR reports President Biden has extended the freeze on student loan payments until May 1, 2022.br The freeze will reportedly offer relief for nearly br 41 million federal student loan borrowers.br We know that millions of student br loan borrowers are still coping with br the impacts of the pandemic br and need some more time br before resuming payments. , President Joe Biden, via statement.br Before Biden's announcement, payments br were to resume in February.br Student loan payments have been on pause br since the onset of the pandemic.br Student loan payments have been on pause br since the onset of the pandemic.br In a recent survey, 49 of borrowers br said they were "not at all confident" br they could restart payments in February.br In a recent survey, 49 of borrowers br said they were "not at all confident" br they could restart payments in February.br We don't need to br start the student loan system right now. , Mike Pierce, executive director at thebr Student Borrower Protection Center, via NPR.br Over 7 million student borrowers in the United States have defaulted on their loans.br Experts say borrowers who have defaulted br on loans could have an extremely difficult br time when payments resume.br Experts say borrowers who have defaulted br on loans could have an extremely difficult br time when payments resume.br Defaulted borrowers br are really balancing on br the edge of life here. , Mike Pierce, executive director at the Student Borrower Protection Center, via NPR.br Defaulted borrowers br are really balancing on br the edge of life here.