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The resumption of student loan repayments, which paused during the pandemic, will kick in in October. While this will have direct and immediate consequences for borrowers — the average monthly ...
Student loan payment resumption has recently had a notable impact on borrowers’ financial security. President Biden’s new proposal aims to alleviate the distress faced by those struggling with ...
In the first quarter of 2020, more than 16 million borrowers were current in their student loan payments, according to Department of Education data. By the third quarter, just over 300,000 were ...
“The resumption of student loan payments means that borrowers are making billions of dollars of payments each month,” Rohit Chopra, the bureau’s director said in the statement. “If student ...
The resumption of student loan payments is expected to shave off 0.4% to 0.6% from total annual consumer spending, said Shannon Seery, an economist with Wells Fargo.
The resumption of student loan payments on Oct. 1 after a three-year hiatus is set to make a huge dent in millions of borrowers' budgets. And this additional financial burden could have both...
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