How much would this impact Banks' earnings?
"Biden asks student loan companies to prepare for end to payment pause"
Documents filed in November obtained through federal records request showed DOE has issued guidance to student loan companies about collecting federal student loan payments. It expected interest to begin accruing in September, and payments resume in October. Student loan servicers are required to alert borrowers by August 31st.
The White House announced last November that Student loan moratorium will end 60 days after either June 30, 2023 or the date of a Supreme Court decision on the student loan forgiveness. This would mean interest would begin accruing at the end of August if the Supreme Court favors the end of Student loan moratorium.
https://www.foxbusiness.com/personal-finance/student-loan-payment-pause-end-guidance-biden
[link] [comments] https://www.reddit.com/r/stocks/comments/135lqgd/resumption_of_student_loan_repayment_affect_on/
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