Student loan borrowers got some happy news this holiday season: They’ll have an additional three months before they have to start making their payments again. The payment pause, which has been in effect since March 2020, was scheduled to expire Jan. 31, but the Biden administration announced it was extending the relief until May 1. Outstanding student loan debt in the U.S. has surpassed $1.7 trillion and burdens Americans more than credit card and auto debt. Around a third of borrowers are in delinquency or default. The average monthly payment is around $400 a month. Recent polling of student loan borrowers found that even among those who are fully employed by now, 89% are still not financially secure enough to restart payments. U.S. health officials on Monday cut isolation restrictions for Americans who catch the coronavirus from 10 to five days, and similarly shortened the time that close contacts need to quarantine. Centers for Disease Control and Prevention officials said the guidance is in keeping with growing evidence that people with the coronavirus are most infectious in the two days before and three days after symptoms develop. Apple closed its stores to indoor customer traffic at its New York City retail locations Monday due to a rise in Covid-19 cases in the city. But those ordering online aren’t restricted from picking up products outside those stores, the company website indicated Monday.
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