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stock image of Joe Biden Joe Biden in Washington, D.C. on November 7. (Photo: VP Brothers/Shutterstock)

On his first day in office, President Joe Biden will direct the Department of Education to extend the moratorium on federal student loan payments that would otherwise expire at the end of January, according to David Kamin, the incoming deputy director of the National Economic Council.

In an online press briefing late last week, Kamin said Biden would direct the department to extend the relief that was originally provided by the CARES Act, then extended twice under the Trump administration. 

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