Student loan debt update: How government shutdown affects payments

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

Interest payment on federal student loans restarted at the beginning of September, and the overall payments are due to resume in October.

Republican House Speakeris struggling to corral his conference to move forward on a string of spending bills that will keep the federal government working past the September 30 funding deadline. Should the stalemate continue, the government will shut down, disrupting the lives of millions of Americans.

"Programs with mandatory funding can make obligations and payments during a shutdown. Examples of such programs include Pell Grants and Federal Direct Student Loans," a 2021 education department contingency plan says. Interest payment on federal student loans restarted at the beginning of September, and the overall payments are due to resume in October after a more than three-year hiatus. A shutdown may not change that timeline.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in EDUCATÄ°ON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Officer saves Dothan High student from chokingStudent Resource Officer Kyle Coker saved a student from choking during lunch on Wednesday.
Source: WTVYNews4 - 🏆 590. / 51 Read more »