The holidays aren’t cheap, and neither is a college degree. And for the first time since the pandemic, more than 1 million Georgians might need to factor in the cost of student loan payments into their budgets as they prepare to celebrate.
A former student shifting few hundred dollars from discretionary spending or savings to restarted loan repayments doesn’t have much effect , but millions doing so has a major impact.
When millions of debtors restart payments and spend less on other things after not having to make payments since the pandemic began, the impact can add up quickly.
Student Loan Servicers Prepare For Chaos As Payments Set To Restart – Infinite Unknown infiniteunknown.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infiniteunknown.net Daily Mail and Mail on Sunday newspapers.
Companies that service student loans are preparing for chaos, as an unprecedented 44 million borrowers will resume payments later this summer following the expiration of a November 2022 extension of a pandemic-era pause, which stipulates that payments must resume by August 30, 2023.