The Senate debt ceiling student loans refers to the United States Senate’s role in addressing the issue of the federal debt ceiling and its impact on student loans.
The debt ceiling is a legal limit on the amount of debt that the U.S. government can borrow. When the debt ceiling is reached, the government is unable to borrow any more money to meet its financial obligations, such as paying Social Security benefits, military salaries, and interest on the national debt. Raising the debt ceiling requires approval from both the House of Representatives and the Senate.