Student loan interest resumes today; payment restarts next month
The Department of Education’s COVID-19 student loan forbearance program is ending. On September 1, 2023, interest resumes, and payments will be due beginning in October 2023.
Many of these 40,000,000 indebted college graduates, especially the ones who had dismissed training for a specific career and thus were underemployed, i.e., toiling in lower-paying jobs that didn’t require complex skills or knowledge, were hoping that the Biden repayment suspension would be permanent.
But the Supreme Court thought otherwise–you borrowed it, you pay it back. Just like everyone else.
So prepare yourself when you come in contact with these debtors and/or they whine to you about the unfairness of paying off their loans and now they can’t afford tickets to a Taylor Swift concert.
Or something else. (Yeah, yeah–I know, I know.)
Be polite but be firm and remember– you and I and all the other outstanding citizens are not responsible for their educational choices. Or their debts. They are.
And they graduated college, so they should know that.
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