The Department of Education says the three-year, pandemic-induced pause on student loan repayments will end in October.
Borrowers got a break on repayment during the early days of the COVID-19 crisis under President Donald Trump, and the Biden administration renewed the moratorium.
But a spending deal struck by Mr. Biden and House Speaker Kevin McCarthy says interest charges and payments must resume. “Student loan interest will resume starting on September 1, 2023, and payments will be due starting in October,” the department told Politico, which first reported the resumption date.Mr. Biden’s decision to let the payments resume angered some student advocates, but a bigger fight is looming over a plan to forgive up to $10,000 in federal student debt per borrower and up to $20,000 for Pell Grant recipients.Mr.
Opponents say the plan essentially requires Americans who repaid their loans or bypassed college to subsidize highly educated persons who can earn high incomes.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Student loan payments will be due starting in October, Department of Education clarifies | CNN PoliticsIn October, tens of millions of borrowers will be required to pay their monthly federal student loan bills for the first time since March 2020, the Department of Education clarified Monday.
Leer más »
Student loan payments will restart in October, Department of Education confirmsMillions of people with federal student loans will be required to restart payments in October, the Department of Education clarified Monday.
Leer más »
Student loan payments will resume in October, US Dept. of Education officials sayFederal student loan borrowers will have to resume payments in October as millions wait to see if the Supreme Court is going to approve President Joe Biden’s student loan forgiveness program.
Leer más »
Student loan payments to resume in OctoberThe Department of Education said interest on the loans, however, will resume in September.
Leer más »
Student loan payments to resume in OctoberThe Department of Education said interest on the loans, however, will resume in September.
Leer más »
Student loan payments set to resume this OctoberThe Department of Education has provided information on when student loan payments will resume, saying they will resume in October.
Leer más »