A Note on the Expected Expiration of Federal Student Loan Forbearance

Posted: 7 Jun 2022

See all articles by Hannah Case

Hannah Case

Independent

Simona Hannon

Board of Governors of the Federal Reserve System

Alvaro Mezza

Board of Governors of the Federal Reserve System

Date Written: May 1, 2022

Abstract

On April 6, 2022, the Department of Education (DoEd) announced a new extension on the forbearance provision for federal student loans, which is now set to expire on August 31, 2022, almost 30 months after being set for the first time. These measures—originally intended for a period of 60 days—applied exclusively to federal student loans owned by the Department of Education, a little more than 80 percent of the current $1.75 trillion outstanding student loan debt.

Suggested Citation

Case, Hannah and Hannon, Simona and Mezza, Alvaro, A Note on the Expected Expiration of Federal Student Loan Forbearance (May 1, 2022). FEDS Notes No. 2022-05-27-1, Available at SSRN: https://ssrn.com/abstract=4128579 or http://dx.doi.org/10.17016/2380-7172.3090

Simona Hannon

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Alvaro Mezza

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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