Gen Z is burdened by student loan debt, and now many are facing payments for first time knzr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knzr.com Daily Mail and Mail on Sunday newspapers.
Gen Z, burdened by debt, face student loan payments for 1st time go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.
jayk7/Getty Images(NEW YORK) In the first week of October, Kennedy Quintanilla will do something she has not had to do since graduating from college two years ago: make a student loan payment.
"Reality is setting in," Quintanilla, a 2021 graduate of the University of Texas at Austin with over $26,000 in student loan debt, told Good Morning America. "It’s extraordinary stressful."
As someone who graduated college amid the coronavirus pandemic, Quintanilla, 24, will be one of thousands of borrowers making their first-ever student loan payment in October, when payments resume after a three-year pause.
The first-time payments are particularly impacting members of Gen Z, like Quintanilla, who were born after 1996 and who are on track to be the best-educated generation in American history, according to The Pew Research Center.
They are a generation who entered college at a time when tuition rates were at record-highs, and who graduated at a time of economic uncert
In the first week of October, Kennedy Quintanilla will do something she has not had to do since graduating from college two years ago: make a student loan payment. As someone who graduated college amid the coronavirus pandemic, Quintanilla, 24, will be one of thousands of borrowers making their first-ever student loan payment in October, when payments resume after a three-year pause. The first-time payments are particularly impacting members of Gen Z, like Quintanilla, who were born after 1996 and who are on track to be the best-educated generation in American history, according to The Pew Research Center.