With payments set to resume in October, student loan borrowers will be forced to make tough decisions regarding their finances, study shows. Some 37 million borrowers are preparing to start paying student loans again, but a large portion of them are expected to struggle with payments once forbearance ends, according to a new study.Come October, the federal student loan payments pause that took effect in 2020 will come to an end. This is “grim news” for borrowers who do not feel confident in thei
Legal challenges are continuing to target some of President Joe Biden’s student loan policies. While his major student loan forgiveness program was blocked by the Supreme Court, the Biden administration is also facing lawsuits over some of its other policy changes aimed at making it easier for borrowers to pay back their loans.
The clock is ticking on the resumption of federal student loan payments after a payment pause that began more than three years ago. Payments are set to resume in October 2023 and a lot of people.
In a 6-3 June 30 decision, the Supreme Court struck down President Joe Biden's student loan forgiveness program. And now, as the payment pause end is on the horizon, loan interest will resume on Sept..