Debt Ceiling Deal to End Student Loan Payment Pause, Fate of Forgiveness Plan Uncertain

The House of Representatives will vote on legislation ending the pause on federal student loan payments that began in March 2020.
If passed, the debt deal will prohibit the Secretary of Education from extending the payment pause without congressional approval.
The fate of President Biden's plan to forgive up to $20,000 in student debt per borrower remains unclear as the Supreme Court has yet to issue a ruling.
There is opposition to ending the payment pause from advocates, progressives and borrowers, many of whom want an extension if the forgiveness plan is struck down.
The legislation will require federal student loan payments to resume 60 days after June 30, affecting 43 million borrowers who owe over $1.6 trillion.