Student loan payments resume after 3-year pause
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...