Friday, December 27, 2024

Debt ceiling deal would require student loan borrowers to pay by fall

Posted By Peter Coyne | 2023-05-31 07:03:30

Borrowers will be required to resume paying their student loan bills 60 days after June 30, according to legislative text in tentative debt ceiling deal.

  • Their due date will likely be in September, experts said.
  • The pause on federal student loan payments, which has been in effect for more than three years now and spanned two presidencies, will “cease to be effective.”

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