3 student-loan company shutdowns are leaving millions of borrowers hanging, but the Education Dept. still 'expects' to restart payments on February 1

Contributing sentiments towards policy:

61% : His promise of broad student loan cancellation has yet to be fulfilled, but reform could be on the way.
57% : The Department expects student loan payments to resume after Jan. 31, 2022," the spokesperson added, when asked if the companies shutting down would change the timeline.
52% : "I've paid back almost all of my loans, but I still owe the full amount," 32-year-old Alexandria Mavin, who started with $117,000 in student debt, paid back $70,000 of it, and still owes $98,000, told Insider.
40% : Gwen Carney, a 61-year-old single grandmother with $75,000 in student debt from her own education, previously told Insider that she's "really not looking forward to February at all."
40% : "The only way to guarantee that borrowers do not face the same predatory behavior from Navient's replacement is to cancel student debt, so that no borrower's future is held hostage by corporations profiting off their financial distress."
27% : President Joe Biden campaigned on canceling $10,000 in student debt per borrower, along with reforming student-loan forgiveness programs like the Public Service Loan Forgiveness (PSLF) program, which rejects 98% of applicants.
24% : Massachusetts Sen. Elizabeth Warren, who created the CFPB, told Insider that canceling student debt will ensure borrowers do not have to deal with predatory student-loan behavior, referring to Navient's actions that pushed borrowers into forbearance.

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