Tucked into the U.S. debt ceiling and government spending legislation signed into law by President Joe Biden last week is a guarantee student loan borrowers will have to restart paying down their debt this fall with no chance for an extension on that payment freeze.
Thats despite Bidens pledge to wipe away or reduce that debt for millions of Americans, which may be blocked by the U.S. Supreme Court this month.
The convergence of legislative and judicial setbacks for the movement to eliminate student debt has borrowers feeling anxious and abandoned, advocates say.
This (repayment pause) has been a critical lifeline for tens of millions of student loan borrowers, many of whom would have been in financial ruin if theyd had to make student…
Read the full article at: https://globalnews.ca/news/9750464/us-student-debt-relief-loans-future/