For nearly two years, most student loan borrowers have been spared the obligation of making payments on their balances. Their interest rate has also been frozen, and for the millions in default, the collection calls have stopped.
That officially ends in February. As President Joe Biden’s administration had promised, the payment process will restart for 41 million Americans in the month of February, White House Press Secretary Jen Psaki said last week during a press briefing. More details about how the restart will work will be released in the coming weeks, the Education Department said in a statement Wednesday. [https://bit.ly/3JcEe78]
On Saturday, Roland Martin spoke with The Cross Connection’s Tiffany D. Cross about student loan forgiveness and if President Joe Biden has the power to cancel the debt of millions of Americans.
Video credit: MSNBC
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