Senate overturns Biden's student loan program amidst debt ceiling debate.

The bipartisan debt ceiling deal approved by Congress prevents the Biden administration from extending the pause on federal student loan repayments, meaning repayments will resume 60 days after June 30, which is Aug. 29. For the more than 40 million Americans who hold federal student loans, the restart of payments is “going to be really jarring for families that haven’t had to worry about student loan payments for more than three years,” said Mike Pierce, the executive director of the Student Borrower Protection Center.