The tens of millions of Americans saddled with student loans may finally hear soon — within the next few months — what the Biden administration has decided to do, if anything, on debt forgiveness.President Joe Biden delivers remarks on the jobs report for the month of March from the State Dining Room of the White House on April 1, 2022 in Washington, DC.
"Not a single person in this country has paid a dime on federal student loans since the president took office," White House press secretary Jen Psaki said at Monday's press briefing. She went on to say that President Joe Biden "would make a decision about any cancellation of student debt before the conclusion of that pause on student loans."
That pandemic-era relief suspending the bills has been in effect for over two years, and it's currently scheduled to expire on Aug. 31.
That comment shows how stupid Jen Psaki is! Smart student loan holders are certainly continuing to pay down their student loans - knowing that 100% of their payments go straight to principle. Only an idiot wouldn't be making payments when it goes 100% to the balance!