The Student Loan Moratorium Is Ending. 2 Things You Need to Know
This week, President Joe Biden and House Speaker Kevin McCarthy finalized the debt ceiling deal to prevent the U.S. from defaulting on its debts. While it hasn't officially been signed yet, it will go to a vote in Congress ahead of the June 5 deadline.
Part of that deal includes ending the student loan moratorium -- which was first instated in 2020 during the early stages of the pandemic and has been extended multiple times since.
The end of the moratorium means millions of borrowers will have to begin making payments again for the first time in over three years. But the student loan situation is still complex and confusing, especially with loan forgiveness still up in the air. Here's what you need to know right now.
Source Fool.com
