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What you need to know about the extended student loan payment pause, child tax credit

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American graduates and their families may be feeling relief Wednesday after the Biden administration extended a pause on student loan payments. Payments will not be required before May 1, and the extension will help around 41 million borrowers. Meanwhile, millions of families who relied on an increase in the child tax credit are about to lose getting that extra money. Stephanie Sy reports.

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Category
U.S. & Canada
Tags
Build back better, bbb bill, biden
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