Student Loan Pause Putting Americans in More Debt

Student loans pause: This means that the average American's debt limit is going up.


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Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic, is ending. This means that the average American’s debt limit is going up. A temporary agreement between Republican lawmakers and President Joe Biden has ended the pause on federal student loan payments.

The agreement’s written details state that the pause, which has been active for over three years and covered two different presidential administrations, will no longer be in effect. Borrowers will need to start paying their student loan bills again 60 days after June 30, likely in September.

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