ATTENTION: Student Loan payments will resume on February 1, 2022
- 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.
- She said a smooth transition is a high priority.
From Balleralert.com:
“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,” Psaki said.
She said the Department of Education is in the process of reaching out to borrowers to prepare them to return to repayment. There was no mention of any student loan forgiveness.
What can you expect if you are one of the more than 42 million people with a federal student loan? Be on the lookout for a billing statement of notice from your loan servicer to know when your payments will resume.
Susan Saunders 12/14/21
