Some student-loan companies are offering borrowers cheaper payments before the October restart. Making the switch could strip away a range of debt relief programs.

Contributing sentiments towards policy:

57% :The mailer did include a disclosure in its fine print stating that "if you are a qualifying federal student loan borrower you should still consider President Biden's plan to erase some or all of your student loan debt before refinancing; however, you should also take time now to prepare for your payments to restart, including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment."
55% : When she started her paperwork to qualify for the Public Service Loan Forgiveness Program in 2016, which forgives student debt for government and nonprofit workers after ten years of qualifying payments, she was given the option to refinance her student loans with a private lender with a monthly payment $200 less that what she had previously been paying.
42% : Interest will start to accrue on their balances again in September, and on top of it all, they won't be easing into this restart with any relief -- the Supreme Court struck down President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers at the end of June.

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