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Source: NICHOLAS KAMM / Getty

The Biden Administration announced Student Loan payments will resume on February 1, 2022.

White House Press Secretary Jen Psaki told reporters more details about loan repayment will be made available in the coming weeks.

“We will engage directly with federal student loan borrowers to ensure they have the resources they need and are in the appropriate repayment plan.”

She said a smooth transition is a high priority.

“41 million borrowers have benefitted from the extended student loan payment pause, but it expires February 1, so right now we’re just making a range of preparations.”

Are you surprised loan repayment will resume? Did you think the Biden Administration was going to successfully wipe out student loan debt?

 

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