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Opposition grows to debt ceiling deal measure that would end student loan payment pause


US House Speaker Kevin McCarthy, a Republican from California, arrives to the US Capitol in Washington, DC, on Wednesday, May 31, 2023.Sarah Silbiger | Bloomberg | Getty ImagesA measure in the debt ceiling deal terminating the student loan payment pause is facing heavy opposition from advocates, progressives and borrowers.”The pause on student loan payments remains one of the most durably popular pieces of economic policy because the American people recognize what Washington has long struggled to understand: The student loan system is broken,” said Mike Pierce, executive director of the Student Borrower Protection Center.The center published a poll on Monday finding that 61% of voters want the stay on student loan bills, which has been in effect for more than three years now and spanned two presidencies, to be extended if President Joe Biden’s sweeping forgiveness plan is struck down by the U.S. Supreme Court. A decision by the justices is expected in June or July.More from Personal Finance:Parents paying for college ‘is the norm’4 strategies to avoid taking on too much student debtThese moves can help you save big on college costsRep. Ayanna Pressley, D-Mass., filed an amendment Tuesday that would strike the debt ceiling deal provision ending the pause on student loan payments. Pressle …

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