White House Confirms College Graduates Will Once Again Be Asked to Act Like Adults, Pay Back Their Loans
In a recent press briefing, White House Press Secretary Jen Psaki confirmed that the Biden Administration’s student loan payment pause is finally ending.
STUDENT LOAN PAYMENTS: Jen Psaki was asked if President Biden will extend the student loan payment pause. pic.twitter.com/F86ZSGtjiK
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Wearing a dark-colored turtleneck with bizarre clavicular cut-outs, Psaki told reporters that the administration will release more details 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. “We’re still assessing, ah, the impact of the Omicron variant, but a smooth transition back into repayment is a high priority for the administration.”
Payments are due to start being collected again beginning Feb. 4.
In March of 2020, citing the massive unemployment and financial uncertainty being caused by COVID-19 shutdowns, the federal government paused their collection of student loan repayments as well as interest accrual on student loan debt. – READ MORE
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