Secretary of Education Miguel Cardona revealed during a recent hearing that the Biden administration is preparing to restart the payment of federal student loan debt that was paused amid the COVID-19 pandemic.
During a May 11 hearing of the Senate Committee on Appropriations, Sen. Katie Britt (R-Ala.) cited remarks by White House press secretary Karine Jean-Pierre who said, regarding the debt ceiling, that “if you buy a car, you are expected to pay the monthly payments. If you buy a home, you are expected to pay the mortgage every month. That is the expectation.”
Britt said she believes “that same logic must apply to student loans,” to which Cardona responded, “We agree and we’re preparing to restart repayment because the emergency period is over, and we’re preparing our borrowers to restart.”…