What the debt ceiling deal would mean for student loan payments and forgiveness, as lawmakers get set to vote on it.
1/6/2023, 11:55
today.com
If the agreement between the Biden administration and top congressional Republicans is signed into law, payments on federal student loans that were paused at the start of the pandemic will be reinstated at the end of August, with those bills coming due the following month. The law could mean millions of people getting hit with bills they didn't realize are due and can't afford, the leader of a nonprofit advocacy group told NBC News. The bipartisan debt ceiling bill was approved by a key Republican-led House committee yesterday and is set for a vote in the House today. It would then need to be approved by the Democratic-controlled Senate before the Treasury Department’s deadline of Monday to avert a calamitous default. Here's the latest.
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