The Biden administration announced Wednesday it’s again extending the moratorium on federal student loan payments until Aug. 31. The U.S. Department of Education also plans on resetting the accounts of seven million borrowers who are in default.

Reset learns more about how these repeated extensions are affecting borrowers and what else could be done to address the $1.6 trillion Americans owe in student debt.

Guest: Natalia Abrams, president and founder of Student Debt Crisis Center

Producer: Christian Elliott, Andrew Meriwether

Host: Sasha-Ann Simons