— which the president signed into law Saturday — codifies the Education Department’s plan to resume student loan payments 60 days after the Supreme Court hands down a decision or on Sept. 1.
The moratorium — enacted by the Trump administration — suspended student loan payments without accrual of interest, saving borrowers some $5 billion a month in interest. Each month of suspended payments has counted toward loan forgiveness for borrowers in public-service jobs, helping many achieve or move closer to debt cancellation.
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