The Biden administration announced Monday it isn’t going to extend student loan relief, resulting in borrowers having to begin repayments in February.   

White House Press Secretary Jen Psaki said the administration would release more details in the next few weeks.   

Federal student loan repayments were paused in 2020 at the onset of the coronavirus pandemic, which battered the economy and forced millions of people into unemployment. Payment relief was extended under the Trump administration and extended again in August by President Joe Biden.   

“41 million borrowers have benefitted from the extended student loan payment pause, but it expires February 1, so right now we’re just making a range of preparations,” Psaki told reporters.   

Black borrowers would benefit the most from an extension or student loan forgiveness. Around 86% of Black college students take out federal student loans, compared to nearly 60% for white borrowers, according to CNBC.  

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Biden has not recently mentioned whether he will forgive student loans, which borrowers, advocacy groups and politicians have repeatedly asked for the White House to do. 

Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren have called for the administration to extend student loan relief, warning that it will bring financial hardship to millions of borrowers.   

During the 2020 presidential campaign, Biden said he supported canceling up to $10,000 in federal student loans for borrowers but urged Congress to pass legislation for mass student loan forgiveness, Forbes reported.   

The administration has canceled $12.5 billion in student loans for about 640,000 people.