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Student loans on collision course with government shutdown

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A government shutdown will take effect at the same time that millions of Americans will restart paying back their student loans.

"Borrowers looking for assistance specifically from [the education department] will not receive it during a shutdown," the American Council on Education wrote."Additionally, students applying for funding from [the education department], whether loans or loan forgiveness, could experience delays."

The shutdown also means that thousands of workers, some of whom make up the millions of Americans who owe student debt, will have their pay paused for the duration of a shutdown which could affect their ability to meet their repayments obligations.

 

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