A New Approach to Lowering Student Loans: Moving to Specific States
About 45 million Americans have restarted their journey to pay back their student loans. After a pause during the pandemic, interest on those loans has now kicked in, and starting in October, monthly payments will resume. While the Biden administration’s efforts to forgive student debt were struck down by the Supreme Court last summer, the White House is still offering other avenues of relief for borrowers. Additionally, some states have implemented their own local approaches to provide aid to those grappling with student loans.