US EditionThe pause on student loan payments is ending. Can borrowers find room in their budgets?
- More than 40 million Americans will have to resume federal student loan payments in late August under the terms of a debt ceiling deal approved by Congress last week.
- The pause in repayment during the pandemic has been a lifeline for many borrowers, including recent graduates who have never had to make a loan payment before.
- Advocates fear that resuming student loan payments will add a financial burden that younger borrowers can't afford, with many likely to fall behind on their loans at historic rates.
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Borrowers prepare for strain on thin budgets as student loan payment pause ends
A new debt bill passed by Congress removed any hope that the Biden administration would extend the pause again if the Supreme Court strikes down the White House's student loan cancellation.
·Washington, United States
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The pause on student loan payments is ending. Can borrowers find room in their budgets? - Maryland Daily Record
Without cancellation, the Education Department predicts borrowers will fall behind on their loans at historic rates. The post The pause on student loan payments is ending. Can borrowers find room in their budgets? first appeared on Maryland Daily Record. The post The pause on student loan payments is ending. Can borrowers find room in their budgets? appeared first on Maryland Daily Record.
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Total News Sources73
Leaning Left22Leaning Right1Center44Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 33%
C 66%
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