It's official: Student loan payments will restart in October, Education Department says (www.cnbc.com)

submitted 1 year ago by EndOfLine@lemmy.world to c/world@lemmy.world

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Former President Donald Trump first announced the stay on federal student loan bills and the accrual of interest in March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy.

The pause has since been extended eight times.

The Education Department notes on its financial aid website that "Congress recently passed a law preventing further extensions of the payment pause."

The Education Department says borrowers will be expected to make their first post-pause payment in October. Meanwhile, interest will start accumulating on borrowers' debt again on Sept. 1, the department says.

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[-] zarathustra0@lemmy.world 1 points 1 year ago

Well, you lot over in the USA clearly get value for money from universities. Just curious, do you have to upgrade to a PhD to learn about the other countries in the world?

[-] Linebeck@lemmy.world -1 points 1 year ago* (last edited 1 year ago)

Har har

Bet your school didn't have a badass football stadium and a spa, nerd

[-] angrymouse@lemmy.world 0 points 1 year ago* (last edited 1 year ago)

Interesting news but clearly isn't "world news".

[-] regeya@lemmy.world 1 points 1 year ago

MFW the United States of America isn't part of the world

[-] Protegee9850@lemmy.world 0 points 1 year ago

It’s been “official” that it’s going to restart time and time again. Hold the line. Keep raising hell. They won’t dare turn payments on again a month before an election

this post was submitted on 20 Jun 2023

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