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.
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?
You mean everything that happens in the US isn’t automatically world news? /s
Wait. There are other countries?
Har har
Bet your school didn’t have a badass football stadium and a spa, nerd
/s
Interesting news but clearly isn’t “world news”.
MFW the United States of America isn’t part of the world
Graduates had 3 years to find a new place to live and leave the USA behind🤷
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
