The CEO of a major student-loan company says ‘it’s hard for us to believe’ Biden won’t extend the debt payment pause ‘given where we are in the calendar’ Navient CEO Jack Remondi said in a recent earnings call that he anticipates Biden will extend the student-loan payment pause. Payments are currently set to resume on September 1, and Biden has yet to give an update. Another lender previously said it expects the pause will be extended through 2023. Leadership of a prominent student-loan company doesn''t see borrowers resuming payments anytime soon. During a second quarter earnings call on July 27, Jack Remondi — the CEO of Navient, a Delaware-based corporation that services private student loans — said he thinks it''s unlikely President Joe Biden will choose to restart payments on September 1. In April, Biden extended the pandemic-era student-loan payment pause for his fourth time, through August 31. Now, with with that date just over two weeks away and with no update on whether borrowers should prepare to account for another monthly bill, Remondi said Navient is anticipating further relief. "I guess our sources are the same as yours, what we read in the press and what our — some of our former colleagues in the direct loan servicing business talked to us about," Remondi said to an analyst on the earnings call. "And that has just been that the department has said don''t communicate with customers yet.