President Biden has extended the COVID-era student loan payment freeze through January. The payment freeze was scheduled to end at the end of September. The Biden administration said the extension to the end of January would give borrowers "a definitive end date." Still, millions of Americans – many who voted for Biden – have been hoping the federal government would forgive their student loans, which reached record highs in 2020. Biden said early in his term that he would ask Congress to forgive $10,000 per person in debt.