White House Says Student Loan Payments to Resume in February

White House Says Student Loan Payments to Resume in February
White House press secretary Jen Psaki speaks to reporters in Washington on Dec. 10, 2021. Saul Loeb/AFP via Getty Images
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White House press secretary Jen Psaki confirmed to reporters the Biden administration will not extend the pause on student loan payments.

Borrower balances were frozen by the Trump administration nearly two years ago with the passage of the CARES Act in March 2020. Since then, interest has stopped adding up and collections on defaulted debt have been on hold.