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The End of the Student Loan Pause: What You Need to Know
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The new debt ceiling deal reached by President Biden and by Congress has two major impacts on student loans. The moratorium on repayments is over, you will once again be required to make monthly payments starting September 1st. It is less likely that any student loan debt will be canceled. That's a fancy way of saying the president can't do it on his own. He'll have to pass legislation to cancel student loan debt.
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