Some student-loan borrowers could be facing payments of over $500 this fall, a new study says — and they'll probably have to dip into their savings to afford it

Wed, 07/19/2023 - 15:01

Tech Insider

Economy

Politics

• Student-loan payments are resuming in October after a three-year pause.
• A study from TransUnion found some borrowers could be facing $500 monthly payments.
• This could put a drag on the economy with consumers having less money to spend. 

Millions of student-loan borrowers are about to restart payments after an over three-year pause — and it won't be easy.

Tags

economy, politics, Policy, Student Debt, Student Loans, student loan forgiveness, Biden, Recession, soft landing, Consumer spending

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Some student-loan borrowers could be facing payments of over $500 this fall, a …