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Debt ceiling deal puts student loans back on repayment. How are borrowers reacting?

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The debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy is changing the social programs and federal pauses on student loan payments.

The U.S. House of Representatives is set to vote on the debt ceiling deal’s legislation on Wednesday, with the U.S. Senate to take it up on June 5.

About one in seven Americans has student loan debt, with some wondering how they’re going to fit the payments into their budget. “I do think it’s going to hurt,” Amber Ackerman, a former student said. “I think if we want a well-educated population, we need to make it more affordable and more possible.”Man shot, killed, dispute reportedly involving rocks thrown at cars preceded shooting, police say

Some say the pause on loan payments has hardly been a break for their finances due to three years of inflation caused in part by the pandemic.

 

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