If the agreement between the Biden administration and top congressional Republicans is signed into law, payments on federal student loans will be reinstated at the end of August.
He added:"So everybody who borrowed a student loan within 60 days of the signing is going to have to pay that back."
"The lives of 40 million people are going to be disrupted, while at the end of the day, the cost is a drop in the bucket for the federal government," Hounanian said."On the other side, it's going to be incredibly harmful to a lot of people's lives." In a tweet Sunday, Cardona pledged a"smooth return to the repayment process," while assuring that the debt ceiling deal"protects our ability to pause student loan payments" during future emergencies.The administration has proposed discharging
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Debt limit: Joe Manchin snubs Biden and heaps praise on Republicans over pipeline approvalSen. Joe Manchin (D-WV) heaped praise on Republicans in the wake of a debt ceiling agreement being reached — but snubbed President Joe Biden.
Read more »
Debt limit: Some House Republicans pledge to vote against Biden-McCarthy dealSome conservatives in the House pledged to oppose the debt ceiling deal struck by House Speaker Kevin McCarthy (R-CA) and President Joe Biden within hours of the release of a final draft.
Read more »
Biden hails ‘competent’ Republicans running for president against Trump“A lot of competent candidates are trying to get the nomination,” Biden said as more Republicans run against Trump.
Read more »
Biden brushes off Republicans' defense spending concerns over debt ceiling deal, suggests deal could be madePresident Biden responded to GOP criticism over the defense spending included in the bipartisan debt limit deal, telling reporters he had 'no doubt' they could increase it if needed.
Read more »
Biden praises 'competent' Republicans challenging Trump for 2024 GOP nominationPresident Joe Biden appeared to offer some backhanded praise for Republicans running against former President Donald Trump.
Read more »
Republicans to hold FBI Director Wray in contempt of Congress over Biden documentHouse Oversight Committee Chairman James Comer is taking steps to hold FBI Director Christopher Wray in contempt of Congress after the bureau notified the panel it will not comply with its subpoena related to a possible criminal scheme involving then-Vice President Joe Biden.
Read more »