White House press secretary Karoline Leavitt announced today that the pause in collections on student loans in default that has been in effect since the early days of Covid comes to an end on May 5. "Fewer than four out of ten borrowers are in repayment,

Student loan debt has become a mounting issue over the past several decades, as tuition prices rose exponentially. Young Americans enrolling in college began applying for six-figure loans to cover the cost of education,

Democrats argued that the bill has nothing to do with lowering college costs or wasteful spending and everything to do with funding tax cuts for the wealthy.