CNBC: After being on pause for more than 3 years, student loan payments are expected to resume soon

Economy
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Well, hopefully the borrowers didn’t use the hiatus to get car loans, credit card loans, sign new leases or get new monthly subscriptions to anything

Shortly after the Supreme Court makes its expected ruling on the Biden administration’s sweeping student debt forgiveness plan, the loan bills are expected to resume.

The U.S. Department of Education has said payments would be due again 60 days after the litigation over its student loan forgiveness plan resolves. If the legal issues over the administration’s relief are still unfolding by the end of June, or if it’s not allowed to move forward with forgiving student debt by then, payments will pick up at the end of August.

Getting used to a student loan payment again — the average bill is around $400 a month — will likely not be easy for many borrowers. The bills have been on hold, after all, for more than three years.

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Oh my, all those voters might have to resume payments after the Kid Sniffer in Chief promised them a free bowl of gravy. :rofl:

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I know I sound like a broken record on this but the US has to start changing its cultural attitude towards college. There aRe plenty of alternatives to college and creative ways to fund college.

Schools need to stop advising that college is the only way to success in life or that you need to attend college directly after high school.

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Not all teachers got good grades in college either. Especially the ones stupid enough to preach that college is the only/best way to succeed. :wink:

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A college education in an in-demand field probably still is.

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My daughter has continued to make the payments on her student loans.

It will be advantageous for her.

WW

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No thank you.

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