The nation’s 40 million student loan borrowers are still waiting on the Biden administration to announce whether they’ll have to resume monthly payments in September. And whether they’ll have any of their debt canceled outright.
The last-minute drama over restarting the $1.5 trillion student loan portfolio is familiar, as the White House weighs a seventh extension of the moratorium on payments and interest. But this time, the administration is cutting it closer to the restart of payments than any other point in the past two and a half years.
