June 30, 2023
This means that millions of federal borrowers are now set to resume student-loan payments in October — with interest beginning to accrue again in September — without a reduction to their balances, according toWith their proposed relief revoked, borrowers are barreling towards a painful resumption of payments that will have significant implications for the whole country.
The ruling the paper reports is a blow to as many as 43 million people with federally-held student loans who would have seen relief under the plan, including 20 million whose balances would have been wiped out completely. The ruling thwarts—at least for now—a progressive push for student loan forgiveness.
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