Student Loan Payments to Resume in Fall Regardless of Biden Forgiveness Plan

The pandemic pause on student loan payments and interest will end on September 1, with payments resuming in October.
The Supreme Court is expected to rule soon on the legality of President Biden's plan to cancel up to $20,000 in federal student loan debt for most borrowers.
If the court allows the plan to move forward, the Education Department will discharge balances for millions of approved borrowers; if struck down, borrowers will have to begin making payments in the fall without debt relief.
Republicans and Democrats have introduced competing plans to address college affordability and student debt.
Borrowers are concerned about how they will afford payments after years without them and interest capitalizing during the pause.