Education
On Sept. 1, interest began to accumulate for federal student loans again, marking an unwelcome milestone for family budgets.
Since March 2020, when the COVID CARES Act passed with overwhelming bipartisan support, student loan payments—both on the principal and on the interest—have been suspended for approximately 43 million student loan borrowers across the country. The CARES Act’s “payment pause” was extended numerous times by former president Trump and then President Biden over the ensuing three and a half years.
Tens of millions of Americans who have student loan debt are slated to resume making payments in the fall. The interest that comes with that debt will kick in again, too.
WASHINGTON, D.C. – Today, Rep. Courtney (D-CT) and Senator Welch (D-VT) introduced legislation to lower the cost of college for current and future borrowers.
WASHINGTON, D.C. – Today, Congressman Joe Courtney (CT-02), a senior member of the House Committee on Education & the Workforce, issued the following statement after the U.S. Supreme Court ruled on Biden v. Nebraska.
