President Joe Biden
US President Joe Biden.
  • SoFi CEO Anthony Noto told Yahoo Finance he doesn't support broad plans to cancel student debt.
  • He said borrowers who can afford to pay back their loans should resume repayment.
  • The student-loan payment pause is set to end 60 days after June 30, or 60 days after the lawsuits blocking the relief are resolved.

The leader of a major student-loan lender thinks it's time borrowers get back to paying off their debt.