Student Loan Repayments Will Resume After August As Part Of Debt Limit Deal

: “Despite Republicans’ efforts to end targeted student debt relief and move up our planned end to the payment pause, we will ensure a smooth return to repayment process. The deal also protects our ability to pause student loan payments should that be necessary in future emergencies.”l to end the impasse between Democrats and Republicans over raising the debt ceiling on Saturday. Ending the pause on repayments is part of the tentative deal, which will now have to be passed by Congress.

Republicans have argued that Biden acted unconstitutionally in offering a waiver of between $10,000 to $20,000 for nearly all people with federal student loans and then placing a pause on all repayments.Fox News Sunday, the House Speaker called the end of the pause a “victory” and claimed the resumption of repayments will bring in “$5 billion each month to the American public.” The deal, however, leaves Biden’s student loan waiver untouched in what appears to be a compromise from McCarthy.

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