“Millions of Americans are now facing the possible resumption of student loan payments on Aug. 30 — for the first time since the outset of the pandemic — as a result of the debt limit deal cut between President Joe Biden and House Speaker Kevin McCarthy,” Politico reports.
“Biden’s original student debt relief plan — which would offer up to $20,000 in forgiveness — is at risk as well. The Supreme Court is set to decide the legality of the plan and House Republicans are taking up legislation to repeal the program. If the administration can’t successfully navigate potential challenges to the plan by August, the goodwill that Biden engendered with younger voters suffering from substantial amounts of debt could evaporate.”
