Student Loan Repayments Resume in May. But Who’s Paying?

Student Loan Repayments Resume in May. But Who’s Paying?




President Biden says that student loan payments, which federal officials paused during the pandemic, will resume in May. With little more than two months to go, however, his administration is doing everything it can to make the process of meeting this deadline look impossible – both for students and the Department of Education.
Do not be fooled: The May deadline cannot come soon enough for middle- and low-income taxpayers, who are among those who will be on the hook for $1.6 trillion in unpaid loans if borrowers are not required to repay. The bulk of loan debt is held by students in graduate…



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