Student Loan Repayments Resume May 5th
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Student loan repayments will resume on May 5th after a three-year pause due to the pandemic. The Department of Education announced borrowers who have defaulted will face debt collection or be enrolled in income-based repayment plans. This action comes after Supreme Court decisions blocked President Biden's plans for loan forgiveness and a revised repayment plan. The Trump administration previously opposed such loan relief measures.
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