New York Magazine: Student loan debt pause to end
Lindner economics professor Michael Jones explains potential ramifications
The imminent Congressional budget deal to raise the U.S. debt ceiling included the passage of Senate bill that would end the suspension of student loan debt.
Student loan debt was first suspended in March 2020 with the passage of the CARES Act. Now, unless President Joe Biden vetoes the Senate measure, loan payments are slated to resume soon for 45 million American who have student loans, according to New York Magazine.
Michael Jones, PhD, associate professor-educator of economics and academic director of the Kautz-Uible Economics Institute.
“There’s some concern now that, as those loan repayments restart at the end of August, you’re going to see higher delinquency rates on credit cards and other types of loans,” Michael Jones, PhD, associate professor-educator of economics at the Carl H. Lindner College of Business and academic director of the Kautz-Uible Economics Institute, told New York Magazine. “That is one of the big concerns I think economists are paying close attention to.”
According to a University of California Irvine Student Loan Law Initiative study, the debt pause saw credit scores improve by about 30 points, with loanees saving around $210 a month. However, some of those savings would have been softened by historic inflation.
Read more from New York Magazine.
Featured image at top: Courtesy of Tim Gouw on Unsplash.
Next Lives Here
The University of Cincinnati is classified as a Research 1 institution by the Carnegie Commission and is ranked in the National Science Foundation's Top-35 public research universities. UC's medical, graduate and undergraduate students and faculty investigate problems and innovate solutions with real-world impact. Next Lives Here.
Related Stories
UC marketing class featured in Super Bowl Ad Meter School Spotlight
March 4, 2026
University of Cincinnati’s Lindner College of Business was one of just 16 institutions representing USA Today’s Ad Meter School Spotlight program, where students got to evaluate the ads and publish their findings alongside industry professionals. The students' top-rated commercials largely aligned with Ad Meter’s official rankings, with Budweiser's "American Icons" earning the highest score. The participants included over 300 students across two marketing classes taught by assistant professor-educator Summer Shelton. She came to the University from a marketing research firm and brings experience ranking Super Bowl commercials as an industry professional herself.
UC leaders recognized for excellence in technology leadership.
March 4, 2026
University of Cincinnati Vice President & Chief Digital Officer Bharath Prabhakaran was named a finalist in the nonprofit/public sector category for the National ORBIE Awards 2026, in rapid succession to last year’s nomination, where Prabhakaran was named the 2025 Ohio CIO Enterprise ORBIE winner.
Study: There might be 3 different types of ADHD
March 4, 2026
The University of Cincinnati's Melissa DelBello was featured in a National Geographic article discussing recent research she coauthored that used brain imaging to identify three distinct subtypes of of ADHD, each with its own chemical interactions in the brain.