The Future of US Debt Ceiling and Financial Security.
TL;DR Summary
Federal student loan payments will restart on August 29, 2023, after a pause that began during the COVID-19 pandemic. Loans will begin accruing interest then as well. The White House has ruled out more extensions, though the impact of President Joe Biden's massive student loan forgiveness plan, currently in front of the Supreme Court, is still undecided. The original payment pause and interest waiver was enacted under President Donald Trump in March 2020 and was subsequently extended eight times.
Topics:nation#biden-administration#debt-ceiling#finance#interest-rates#loan-forgiveness#student-loans
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