The Changing Student Debt Landscape

End of HEROES Act Payment Pause and Return to Repayment

Federal student loan repayment was suspended during the COVID-19 pandemic Repayment resumed on October 1, 2023.

Broad-based Debt Relief Efforts and the Supreme Court Decision

The Supreme Court ruled that the Biden Administration lacks the authority to implement their one-time loan forgiveness plan. The decision, issued on June 30, 2023, means that approximately 40 million student loan borrowers will not receive the debt relief that was previously promised.

For more information, see these sources:

•   What the Supreme Court’s rejection of student loan relief means for borrowers
•   Infographic on Supreme Court Process and Decision