It was probably going to happen anyway, but the debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy spells the end of the moratorium on student-debt repayment.
The White House had extended that moratorium until two months after the Supreme Court’s expected ruling on the Biden administration’s $400 billion loan-forgiveness plan — which, in all likelihood, would mean after August. But the debt-ceiling deal, assuming Congress approves it, eliminates the possibility that the moratorium can be extended.
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