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Student loan payments resume after 3-year pause

Posted on AllSides October 1st, 2023
From The Left
Illustration: Annelise Capossela/Axios

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...

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