You may have seen a recent announcement from President Biden on plans to directly address graduate and student hardship with loan forgiveness.
The US higher education system (if it even makes sense to talk about a single system) is a complex and bewildering mess, with student finance no less complex than any other aspect.
In the US student loans have been “paused” since 2020 as a way of addressing hardship relating to Covid-19 – graduates with Pell Grants (we’ll get to that, don’t worry) have not made repayments, and no interest has accrued. This pause has been extended several times, and is currently slated to end on 31 December 2022.
