“In addition, to protect the most vulnerable borrowers from the worst consequences of missed payments following the payment restart, the Department is instituting a 12-month ‘on-ramp’ to repayment, running from October 1, 2023 to September 30, 2024, so that financially vulnerable borrowers who miss monthly payments during this period are not considered delinquent, reported to credit bureaus, placed in default, or referred to debt collection agencies.“ <cite><a href="https://www.ed.gov/news/press-releases/fact-sheet-president-biden-announces-new-actions-provide-debt-relief-and-support-student-loan-borrowers" rel="noreferrer noopener" target="_blank">U.S. Department of Education</a></cite>

While student loan payments will resume in October, President Joe Biden’s administration has been quietly moving ahead on a plan to cancel some 80,000 borrowers’ debts which some argue is “designed to evade judicial review.”{ai:summary}<p>Student loan payments and interest will resume in October after a three-year pause during the pandemic. The Biden administration offers an extended transition period for borrowers with an "on-ramp" that allows for delayed payments until 2024. #education</p>

JOBOB: Student loan payments resume in October despite Biden forgiveness plan designed to ‘evade judicial review’

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