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What the Debt Ceiling Debate Means for Higher Ed

September 28, 2021

At the same time that Congress is trying to keep the federal government from shutting down at the end of this week, it’s also facing a deadline to keep the United States from defaulting on its loans — a never-before-seen outcome that would impact higher education, and the economy over all, in disastrous but still mostly unknown ways.

It’s all the result of the debt ceiling, which is a restriction on how much money the federal government can borrow to pay its obligations.

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