STUDENTS: Student Loan Repayments Commencing?

By Staff Reporters

***

***

Student loan payments could restart soon. Tucked into the debt ceiling deal agreed to by President Biden and House Speaker Kevin McCarthy is a measure that requires student loan borrowers to start paying their monthly bills again 60 days after June 30th.

A freeze on repayments has been in place since March 2020 due to COVID-19, and it’s been extended several times as the pandemic dragged on. This deadline for the resumption of payments is similar to the timeline previously laid out by President Joe Biden, but it prevents him from issuing another pause.

COLLEGE COSTS: https://medicalexecutivepost.com/2016/07/18/is-the-cost-of-a-college-education-really-worth-it/

GOV PSLF: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

***

COMMENTS APPRECIATED

Thank You

***

***

U.S. DEBT CEILING DISCUSSIONS: No So Fast!

By Staff Reporters

***

***

Talks were “productive,” but no debt ceiling deal yet

As the US careens toward a June 1st deadline to avoid default, President Joe Biden and House Speaker Kevin McCarthy met last night and failed to reach an agreement to prevent economic chaos. Still, McCarthy called their discussion “productive” and “professional,” saying the tone was “better than any other time we’ve had discussions.”

MORE: https://abcnews.go.com/Politics/biden-negotiate-directly-mccarthy-debt-ceiling-republicans-move/story?id=99490207

Before the meeting, McCarthy acknowledged that a deal must be struck this week in order to get it through Congress prior to the deadline, but the two sides remain far apart on the Republican’s demands for spending cuts.

MORE: https://www.theguardian.com/us-news/2023/may/23/first-thing-biden-and-mccarthy-hold-productive-debt-talks-but-no-deal-reached

***

***

COMMENTS APPRECIATED

Thank You

***