Student loan borrowers aren't expected to make payments again until the end of January 2021

US Secretary of Education Betsy DeVos speaks as Vice President Mike Pence listens during a White House Coronavirus Task Force press briefing at the US Department of Education July 8, 2020 in Washington, DC.
Alex Wong/Getty Images
The deadline for student loan forbearance was extended until the end of January 2021, Education Sec. Betsy DeVos announced Friday.
More than 40 million student loan borrowers in the US were not expected to make payments on their federal student loans as part of the CAR