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After five extensions on federal student loan forbearance, borrowers will have to resume payments come . The freeze on student loans will have lasted nearly two years by then; it began in under the CARES Act when the pandemic first shook the economy.

The freeze gave federal student loan borrowers the choice to continue to pay off their debt in order to cover other necessary expenses during the pandemic. Democrats including Senate Majority Leader Chuck Schumer, Rep. Alexandria Ocasio-Cortez, Sen. Elizabeth Warren, and Rep. Ayanna Pressley have continually pushed for President Joe Biden to extend the forbearance period.

“We are calling on the administration to continue that pause with the advent of Omicron, the continuation of COVID,” Schumer said during a Dec. 6 press conference. “Students should not have to have this burden placed on their shoulders.”

In early August, the freeze on federal student loan payments was pushed back until . Biden, White House officials, and the Education Department said that it would be the final extension, however. Biden’s press secretary Jen Psaki on Monday confirmed that there won’t be any additional extensions on student loan forbearance, and that payments will resume in February.Read More »Student loan payments are due in less than 50 days