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

“I suspect someday you will, but again, we will continue every month, every few months to assess the situation, looking, of course, at Covid, but also at economic data, and where we need to continue to help give Americans a little rest, ”Psaki told Fox News Sunday.

The Biden administration has officially unveiled it the fourth extension of monthly loan and interest payments last week, postponing the date to August 31st. The White House has also announced plans to end the defaults of millions of student loan borrowers left behind by the pandemic to allow these payers to have a “new beginning”.


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