The president's procrastination had irritated proponents of extensive debt relief, and some of them had begun to wonder whether debt reduction would actually happen.
The moratorium was repeatedly extended by both Trump and Biden. The most recent extension was granted on April 6, which was less than 30 days before to the May payment start date.
It was set to expire Aug. 31, with some borrowers getting notices that were later retracted about payments resuming Sep. 1.
What will it cost to forgive student loans?