Student Debt

How Restarting Student Loan Payments Could Change Millions of Lives — And The Economy

By Monica Potts

Aug. 28

, 2023, at 6:00 AM

ABC News Photo Illustration

When Congress voted in May to restart student loan payments this fall — and then the Supreme Court overturned President Biden’s student loan forgiveness plan in June — Alexa Goins and her husband realized they had a choice: They could keep their house or they could pay off their student debt.

Together, she and her husband owe $41,000 in student loans — she had borrowed for her undergraduate education, and he borrowed for another program.

He is currently between jobs, looking to break into the tech industry, so they’re living off Goins’s $80,000 per year salary as a senior writer at an ad agency.…