US graduates brace for return of student loan repayments
Washington (AFP) - After a three-and-a-half year pandemic-era pause, US federal student loans start accumulating interest again from Friday, with repayments set to cut the monthly take-home pay of millions of Americans by hundreds, and in some cases thousands, of dollars. Joe Biden campaigned for president on a pledge to forgive at least $10,000 in student loan debt for millions of Americans, and unveiled a $400 billion program to do just that after taking office. But on June 30, the US Supreme Court ruled that his administration had overstepped its authority, and struck down the student loan...