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Supporters of student debt forgiveness demonstrate outside the US Supreme Court in Washington, DC.
MFP Voices

President Biden’s Student Loan Forgiveness Plan Has Been Canceled—Here’s What’s Next

“Student loan borrowers haven’t had to make payments on their federal loans—or accrue interest on those loans—since March 2020, when the Trump administration put the payments on pause due to the COVID-19 pandemic,” William Chittenden writes. “But that will change on Sept. 1, 2023, when interest will once again begin to accrue on outstanding student loans. Payments on the actual loans is set to resume in October 2023.”

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