Federal student loan payments are to resume in October after a three-year moratorium, setting up a potential financial shock for millions of households.
DISTILL CEO Neely Tamminga reacts after the Supreme Court slashed President Biden's student loan handout plan on"Making Money."But that pandemic-era pause is coming to an end this fall, setting up a potential financial shock for millions of Americans.
last November but will not do so again as part of the bipartisan debt ceiling deal approved by Congress.When do student loan payments resume?Northeastern University students celebrate at the conclusion of their commencement ceremony at Fenway Park in Boston. "For most people I’ve talked to in that situation, they were prepared," Brian Leslie, the director of financial planning at Edelman Financial Engines, told FOX Business. "They’re always ready to start those payments, recognizing there’s been a number of deadlines in the past where it could have started on. This is no different, except that this time, it seems this deadline might hold instead of being punted down the road.
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