Resumption of U.S. Student Loan Payments Following Debt Ceiling Deal

Americans are now facing the resumption of their student loan payments, effective August 30, as a part of the debt ceiling deal between President Biden and House Speaker Kevin McCarthy. This move to resume payments comes amid ongoing legal challenges facing Biden’s debt cancellation plan—including two cases currently before the Supreme Court, with oral arguments taking place on February 28^th of this year—and puts pressure on the Administration to prepare millions of borrowers to resume paying student loans that they were expecting to have at least partially forgiven. Read More