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Student-loan payments have been on pause for the duration of the pandemic, providing significant financial relief to borrowers. But the pause is set to lift in October, and some Democrats want to ensure borrowers are as prepared as possible.
On Monday, Sens. Elizabeth Warren of Massachusetts, Ed Markey of Massachusetts, and Tina Smith of Minnesota sent letters to the CEOs of all federal student-loan servicers, requesting information on the steps they are taking to transition borrowers back into repayment in October. According to a Pew survey, almost 40% of borrowers don’t know when their payments details ⇒
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