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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 ...
Tens of millions of Americans are gearing up to make student loan payments in the coming weeks for the first time in years as a pandemic-era reprieve finally comes to an end.
“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.
For 42.9 million student loan borrowers , it’s been 18 months without a payment. The interest-free federal student loan payment pause, known as a forbearance, was extended three times after it ...
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 ...
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