Good news for federal student loan borrowers: This month, the Biden administration again extended the pause on student debt repayment — this time through Aug. 31. That means, instead of federal student loan payments resuming after May 1, borrowers have four more months of reprieve with payments set to start Sept. 1. And the new extension includes a “fresh start” program, which erases the default and delinquency status on late payments for millions of borrowers.