White House press secretary Jen Psaki speaks during a briefing at the White House, Tuesday, December 14, 2021, in Washington. (AP Photo / Evan Vucci)
OAN . editorial office
UPDATE 8:44 AM PT – Wednesday, December 15, 2021
The White House has announced that it will not renew student loans. Despite a push by Democrats to extend it, the Biden administration confirmed federal student payments will resume February 1.
Millions of young people will soon have to start paying off student loans again.
Payments that they cannot afford.
We need to keep freezing refunds until the pandemic is over.
Better yet, we should cancel the $50,000 per student debt.
– Adam Schiff (@RepAdamSchiff) December 15, 2021
During a press conference, White House Press Secretary Jen Psaki said 41 million borrowers have benefited from the pause and that they will release more details in the coming weeks about their plans.
“Moving to a smooth repayment is a priority for the administration, the Department of Education has been in contact with borrowers to help them prepare for their return to repayment on February 1 and has assured them,” she explained. guarantee contract extension with the lending service provider.
If the pause on student loan payments is not renewed, borrowers will have to pay hundreds of dollars a month. @POTUS can fix this and #CancelStudentDebt with pen strokes. Waiting any longer would harm families and drag down our entire economy.
– Elizabeth Warren (@SenWarren) December 14, 2021
Additionally, critics say progressives won’t be pleased when they campaign for an extension that is likely to last as long as the COVID-19 health emergency persists.
MORE NEWS: Senator Manchin Says Biden’s Spending Bill Is Related to Budget Gimmicks
https://www.oann.com/student-loan-payments-to-resume-in-feb/?utm_source=rss&utm_medium=rss&utm_campaign=student-loan-payments-to-resume-in-feb Student loan payments will resume in February.
