Think 2022 Was A Crazy Year For Student Loan Borrowers? Just Wait For 2023.

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It’s been a crazy year for student loan borrowers, with many ups and downs surrounding student loan forgiveness and the ongoing pause on payments. But borrowers may want to buckle up. Next year may be even wilder.

extended the student loan pause

Biden announced an extension to June 30, 2023, or to the date when the legal dispute over his student loan forgiveness plan is resolved, whichever happens first. There will be a 60-day grace period after the pause ends before payments will actually be due. The ambiguity of the latest extension inherently means that 2023 will be a year of significant uncertainty for borrowers.

 

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