Student Loan Borrowers Are Likely To Pay Their Debts Sometime

student loan
student loan

White House press secretary Jen Psaki said Sunday that she suspects student loan borrowers will have to start paying their debt at some point during the Biden administration.

“I suspect that sometime you will, but again, we are going to continue to assess every month, every few months on where things stand, both looking of course at Covid, but also economic data and where we need to continue to help give the American people some breathing room,” Psaki said on “Fox News Sunday.”

The Administration Unveiled A New Extension On The Student Loans

The Biden administration formally unveiled a fourth extension on the monthly student loan payments and interest last week, pushing the date to August 31. The White House also announced plans to expunge the defaults of millions of student loan borrowers who fell behind before the pandemic, to allow these payers to have a “fresh start.”

President Joe Biden’s latest extension fell short of a range of Democrats’ calls for the administration to continue the pandemic relief for borrowers through at least the end of the year — after the November midterm elections. Beyond the pause, there’s growing pressure on Biden to use executive authority to eliminate at least $10,000 in student debt for every borrower.

The White House has repeatedly tossed this proposition to Congress, noting Biden would sign a bill if lawmakers send it to his desk.

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