Students to restart federal loan payments in October
More than a million students with federal loans will have to restart payments in October.
More than a million students with federal loans will have to restart payments in October.
The moratorium has been extended multiple times throughout the pandemic.
President Biden’s decision to provide student loan relief will affect millions of former and current students across the nation, and here in Columbia. Some students at the University of South Carolina are excited about the relief. Dr. Breyon Williams, Education Economist with Mathematica Policy Research in Washington, D.C., and University of South Carolina graduate, says those who might disagree with President Biden’s decision probably don’t need to worry about the plan impacting them financially.
President Joe Biden says he is considering canceling some student loan debt, but not as much as Democrats hope.
The Education Department announced it canceled another $415 million in student loan debt. It impacts nearly 16,000 borrowers who were misled by for-profit colleges.
The Biden administration is extending a student loan moratorium that has allowed millions of Americans to put off debt payments during the pandemic.
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