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Student Borrowers, After Three-Year Reprieve, Must Now Pay

The Supreme Court's ruling on President Biden's student-debt cancellation plan means borrowers must now resume repayment, potentially complicating efforts for millions of borrowers.

  • The Supreme Court's ruling on President Biden's student-debt cancellation plan means borrowers must now resume repayment.
  • Millions of borrowers have not made payments or been assigned to a loan servicing company since 2020.
  • Changes in loan servicers and the repayment system may complicate repayment efforts for some borrowers.
  • The Biden administration is working on a new effort to forgive student loans, but details are still unclear.
  • Income-driven repayment plans are being expanded to prevent loan balances from increasing.
Student Borrowers, After Three-Year Reprieve, Must Now Pay
Changes in loan system may complicate repayment efforts following Supreme Court ruling

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