That's according to US Secretary of Education Betsy DeVos, who on Friday announced a month extension to help those struggling financially due to the coronavirus pandemic.

In March, the Trump administration suspended interest and payments on federal student loans for 60 days in August.

The moratorium was extended until December 30.

1st on On Friday, it was extended until January 31st.

DeVos also extended the pause of collections on defaulted student loans.

DeVos is announcement came after a government report earlier in the day show the labor market slowing in November as talks aimed at delivering a fresh infusion of coronavirus relief toe American families and businesses gathered momentum in the U.

S Congress.