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Title: The barrage of mistaken claims about long-term economic trends affecting ordinary Americans is unremitting. So too, therefore, must corrections of these claims be unremitting. One especially vivid correction is Art Carden’s recent reflection on Elvis
Source: Reason
URL Source: https://reason.com/2023/05/31/debt- ... -student-loan-repayment-pause/
Published: Jun 2, 2023
Author: Emma Camp
Post Date: 2023-06-02 00:10:38 by Charles_Byrd
Keywords: None
Views: 17

After over three years, federal student loan borrowers will likely have to start repaying their debt. According to the terms of a debt ceiling deal struck by House Speaker Kevin McCarthy and President Biden, the extended pause on student loan repayment will end on August 30th.

While a previous announcement from the Education Department had vowed to end the pause on August 29—provided the Supreme Court had not yet released a decision on Biden's student loan forgiveness plan—the debt ceiling deal solidifies this promise. If the bill passes, the Education Department will be statutorily barred from announcing yet another last-minute extension— as officials have done on eight occasions since August 2020, including two separate continuations of supposedly "final" extensions.

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