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Student loan payments resumed in Virginia amid federal shutdown, increasing financial strain as relief plans phase out.
Student loan payments have resumed in Virginia, where over 1.1 million residents owe $43.8 billion in debt, as a federal government shutdown halts most Department of Education operations, disrupting borrower support.
The Biden-era SAVE plan, offering income-driven repayment and potential forgiveness, is being phased out by 2028, and interest resumed on August 1, increasing financial strain.
Despite promises, experts say most borrowers will not qualify for relief.
Virginia ranks fourth nationally in student debt, with 55% of graduates averaging over $40,000 in loans, exceeding the state’s annual education budget.
Rising tuition and non-dischargeable debt continue to hinder homeownership, family formation, and economic growth.
Los pagos de préstamos estudiantiles se reanudaron en Virginia en medio del cierre federal, aumentando la tensión financiera a medida que los planes de alivio se desvanecen.