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Borrowers prepare as student loan payments resume | National & World News

Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. The Supreme Court in July rejected a plan by President Joe Biden’s administration to wipe away $400 billion in student loan debt. It s not yet clear how millions of people suddenly having less discretionary income might affect the economy. On an earnings call last month, the chief financial officer of Target said student loan payments restarting will put additional pressure on already strained budgets.

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Variety Of Music And Parade To Headline 2023 Trigg County Ham Festival

Variety Of Music And Parade To Headline 2023 Trigg County Ham Festival
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Borrowers are reassessing their budgets as student loan payments resume after pandemic pause - Boston News, Weather, Sports

NEW YORK (AP) Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. To get ready,<a class="excerpt-read-more" href="https://whdh.com/news/borrowers-are-reassessing-their-budgets-as-student-loan-payments-resume-after-pandemic-pause/">Read More</a>

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Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. To get ready, borrowers are cutting expenses, taking on additional

United statesPetaluma high schoolWhite houseDistrict of columbiaLittle rockJoe bidenMegan mcclellandJustin coleBest buyPublic service loan forgivenessSupreme courtPresident joe bidenValuable educationFederal reserveHigher education actNational politics

Borrowers are Reassessing Their Budgets as Student Loan Payments Resume

On an earnings call last month, the chief financial officer of Target said that student loan payments restarting will "put additional pressure on the already-strained budgets of tens of millions of households," a sentiment echoed by the financial chiefs of Best Buy and other retailers.

United statesLittle rockWhite houseDistrict of columbiaPetaluma high schoolMegan mcclellandJustin coleJoe bidenAssociated pressBest buySupreme courtPublic service loan forgivenessPresident joe bidenValuable educationFederal reserveHigher education act