this post was submitted on 20 Jun 2023
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World News

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Former President Donald Trump first announced the stay on federal student loan bills and the accrual of interest in March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy.

The pause has since been extended eight times.

The Education Department notes on its financial aid website that "Congress recently passed a law preventing further extensions of the payment pause."

The Education Department says borrowers will be expected to make their first post-pause payment in October. Meanwhile, interest will start accumulating on borrowers' debt again on Sept. 1, the department says.

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[–] zarathustra0@lemmy.world 6 points 1 year ago (3 children)

Well, you lot over in the USA clearly get value for money from universities. Just curious, do you have to upgrade to a PhD to learn about the other countries in the world?

[–] Linebeck@lemmy.world 5 points 1 year ago* (last edited 1 year ago)

Har har

Bet your school didn't have a badass football stadium and a spa, nerd

/s

[–] onionbaggage@lemmy.world 3 points 1 year ago (1 children)

Wait. There are other countries?

[–] IanM32@lemmy.world 1 points 1 year ago

If they mattered, you would've learned about them.

/s

[–] khan_shot_1st@lemmy.world 1 points 1 year ago
[–] AnotherPerson@lemmy.world 1 points 1 year ago (1 children)

Welp, there goes the economy.

[–] Warfle99@lemmy.world 1 points 1 year ago

Republicans crashing the economy right before an election to gain votes? You don't say. McCarthy is hoping people don't see it was his debt ceiling bullshit that forced this and blocked debt forgiveness.

[–] TooMuchDog@lemmy.fmhy.ml 1 points 1 year ago
[–] Protegee9850@lemmy.world 0 points 1 year ago

It’s been “official” that it’s going to restart time and time again. Hold the line. Keep raising hell. They won’t dare turn payments on again a month before an election

[–] bumbly@readit.buzz 0 points 1 year ago

Graduates had 3 years to find a new place to live and leave the USA behind🤷

[–] angrymouse@lemmy.world 0 points 1 year ago* (last edited 1 year ago) (2 children)

Interesting news but clearly isn't "world news".

[–] regeya@lemmy.world 2 points 1 year ago (1 children)

MFW the United States of America isn't part of the world

[–] angrymouse@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

I should post here that the local community near my home is hosting parties since its part of the world? I know that is hard for US citizens to believe but sometimes the world does not revolve around you and your local affairs.

[–] wwaxwork@lemmy.world 1 points 1 year ago (1 children)

Will be when all the people with loans start heading overseas to work.

[–] tallwookie@lemmy.world -1 points 1 year ago

the majority arent employable internationally.

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