Thu. May 26th, 2022

Federal student loan borrowers will have to restart their payments in February 2022. They have been paused since March 2020 due to the coronavirus pandemic. Mark Kantrowitz, author of “How to Appeal for More College Financial Aid,” joined CBSN to discuss how borrowers can begin preparing.

CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service.

Subscribe to the CBS News YouTube channel:​
Watch CBSN live:​
Download the CBS News app:​
Follow CBS News on Instagram:​
Like CBS News on Facebook:​
Follow CBS News on Twitter:​
Subscribe to our newsletters:​
Try Paramount+ free:

For video licensing inquiries, contact: [email protected]

By Ali

41 thoughts on “Preparing for the restart of federal student loan payments in February”
  1. Shout out to George Floyd on eighteen months of sobriety. It took some tough love but he did it. Say his name liberals🖕

    1. The Prophet St Phloyd of Phentanyl (cuffs be upon him!) has left us the Holy work, which is to spread knowledge of his greatness, and thus, the ladies saw that it was good, and twerked.

  2. Do something for the whole generation who was led to believe a college degree would guarantee a high paying job!

    1. It is funny the big banks were two big to fail and they got bailed out. The American student is also to big to fail as well.

    1. I disagree. That wouldn’t be fair to people who have already paid off their loans; many of these people made huge sacrifices to do so. I favor center-left policies most of the time, but blanket loan cancellation across the board will disproportionately benefit graduate and professional students with high incomes. I argued in a comment above that we should adopt a student loan system similar to Australia’s; their system is much fairer in my opinion.

  3. Still waiting since 1964 to have my adoption nullified. There is no statute of limitations to do so. And take back my legal birth certificate, and not have that authority/custody go back to my biological relatives or their relatives. Several law enforcement, the AG of CA., and the ACLU are a few organizations that have been informed. I am okay with going all the way to the United States Supreme Court.

  4. Oh oh 😂 Looks like Brandon won’t be washing them away 👋 Let’s go Brandon! Haha

  5. Good! Do NOT use my tax dollars to pay for loans I didn’t sign for. Nobody paid back my student loans but ME💯

    1. That’s what I’m doing and anybody who got a degree while thinking the government would wipe it way, that’s their problem not the taxpayers, end of discussion

  6. If he’s not going to cancel them, at least cancel the interest on them. That interest is insult to injury for POCs and women who are already overeducated and underemployed in masse. Many of us didn’t get our degrees for the roles we’re in, and that isn’t for a lack of trying. Add the fact that many of POC families were robbed of the opportunity to build wealth through the federal homeownership programs of the 40’s, 50’s, and 60’s, so we don’t have generational assets to pull from to help ourselves, our children, much less a close relative with school costs. Being able to get a high paying job without a degree is a recent development. These same companies are only now realizing that they no longer need a BA for an administrative assistant role. They didn’t think so at the time I and many others like myself were in school (mid-2000’s to 2015). So college was our only option if we wanted to earn a living wage.

    In my case (as well as others), taking out a student loan was more than just the cost of a course. It was being able to eat vs. starve, having a safe place to sleep and study vs. homelessness and destitution. Many of the people that speak ill of those struggling to pay back loans never had to factor these types of circumstances when it came to borrowing. I don’t know of anyone that would choose to starve and sleep on a bench to keep their school loans “manageable.” You cannot put money over health and wellbeing. No one can. So at the very least, Biden should make an exception for POCs, with asset and income requirements. If we’re going to continue this loan financing approach to public higher education, slapping interest on the loans should be prohibited for everyone and the costs of public higher education need to be subsidized (for everyone) so that our liabilities (as students post graduation) are manageable.

    For private universities, you’re on your own.

    1. Stop being Scared to Say BLACK Americans, POC got those opportunities because of BLACK Americans.

  7. During his Presidential election campaign Joe Biden promised voters he would forgive their student loans and they actually believed him…what a bunch of fools.

  8. Dems lied about 10k loan forgiveness for all to get your vote. Remember that the next time you vote.

  9. Shout out to my college-educated peers that sneered at my choice to go into the trades. They are STILL in debt at 40 but ive had my own business for 10 years. House with land paid off. Who’s laughing now?

  10. At least cancel the interest most of what people pay on student loans is interest. You take the interest already paid and substracted from the principle even that would help a lot. It would cut down a lot of people’s loans in some cases by a 1/3.

  11. The USA should have a student loan system like Australia’s – When a student enrolls in school, the loan is disbursed and a one-time interest charge is added up front (I think it’s around 25%). Upon graduating or leaving university, students begin paying a percentage of income towards the loan when income reaches a certain threshold (I think it’s around US$30,000 per year). The income-based payments continue until the loan is paid off. There are almost no forgiveness options, but the debt doesn’t touch the borrower during periods of low income and interest doesn’t pile up. I believe there’s a discount if the student decides to pay tuition up front or voluntarily pay the loan off early. I haven’t seen the details in a few years, so it might be different now.

  12. I am in the PSLF program due to pay off in 15 months. However, they raised my payment from 415.00 to 954.00 with no change in income.

  13. Repaying does not makes sense when there is a 6.8% daily interest rate on unsubsidized loans and 3.4% on subsidized loans. Making the balances go up even further. The only way is if someone has a lot of funds to pay off their balances.

  14. The whole loan program needs come sense added to it. Lower the interest rate on them and people and thrive and at the same time pay the loan. Putting a bandaid does not solve the issue.

Comments are closed.