Student loan payments resume after 3-year pause
Posted on AllSides October 1st, 2023
From The Left
Federal student loan payments return this month for more than 40 million Americans with the end of the pandemic pause.
Why it matters: After a more than three-year break from payments, experts warn of a messy return to debt repayment for borrowers who collectively owe more than $1 trillion in student loans.
The return of another monthly payment will hurt Americans with student loan debt who tend to be younger, have lower incomes and already spend a higher share of their income.
Flashback: Student loan repayments were paused in March 2020, when former President Trump issued the first of many...