Graduation caps
Students throwing graduation caps.
  • The New York Fed found that $34 billion in delinquent student loans were marked current in the last quarter of 2022.
  • That's thanks to Biden's "Fresh Start" plan, which aimed to restore defaulted borrowers to good standing.
  • The plan will remain in place for a year after student-loan payments resume.

President Joe Biden's broad student-loan forgiveness may be paused, but another relief plan is working.