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Friday will mark the first significant step toward restarting the student loan process: borrowers will once again see interest accrue on their loan balances. It's a moment those with student loans have been dreading -- payments are one step closer to resuming. After a three-year pause on federal student loan payments, Friday will mark the first significant step toward restarting the process: borrowers will once again see interest accrue on their loan balances. The milestone comes one month ahead of the next major date for millions of American borrowers, Oct. 1, when payments will be due. MORE: Biden administration begins canceling student loan debt for 804,000 borrowers The two-step approach to restarting the student loan system is meant to give borrowers -- and servicers -- a slower on-ramp to dust off the cobwebs on a process that's long been stalled because of the pandemic. But the circumstances for restarting payment s are far from what the Biden administration intended. P...

Michigan Democratic Sen. Debbie Stabenow announced Thursday that she will retire at the end of her term, opening up her seat in 2024 Michigan Democratic Sen. Debbie Stabenow announced Thursday that she will retire at the end of her term, opening up her seat in 2024 and moving her battleground state close r to the heart of the Senate map in two years, when her party will be on the defensive in retaining its narrow majority. Stabenow, who was first elected to the chamber in 2000 and is a member of Democratic leadership, said in a statement that as she leaves office in January 2025, she will look to hand power to younger lawmakers while she returns to private life. She said she intends to spend "precious time" with her family, including her 96-year-old mother. "Inspired by a new generation of leaders, I have decided to pass the torch in the U.S. Senate. I am announcing today that I will not seek re-election and will leave the U.S. Senate at the end of my term on January 3,...