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flag Student loan payments resumed in Virginia amid federal shutdown, increasing financial strain as relief plans phase out.

flag 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. flag 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. flag Despite promises, experts say most borrowers will not qualify for relief. flag Virginia ranks fourth nationally in student debt, with 55% of graduates averaging over $40,000 in loans, exceeding the state’s annual education budget. flag Rising tuition and non-dischargeable debt continue to hinder homeownership, family formation, and economic growth.

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