Impending End of Student Loan Payment Pause Sparks Concerns Over Repayment

Some college graduates are suggesting a boycott on repaying student loans once the current federal loan payment pause ends in the summer. The Senate backed a House resolution that would cancel Biden's student loan forgiveness plan, which he pledged to veto. The debt ceiling deal agreed between President Biden and Speaker Kevin McCarthy says the pause will "cease to be effective" from 60 days after June 30. The pause was initially introduced as a temporary measure during the coronavirus pandemic and has been extended eight times.