The Stimulus Invoice doesn’t prolong the cost break for scholar mortgage debtors
Student loan borrowers are no longer given time to pay their bills under the economic agreement.
Ines Fraile | iStock | Getty Images
Americans were struggling with student loans and driving unemployment up before the pandemic. More than one in four borrowers was in default or in default. The outstanding student loan debt in the U.S. has soared to over $ 1.7 trillion, and the average monthly bill is around $ 400.
Given the need for relief, the vast majority – or around 90% – of student loan borrowers took advantage of the government’s opportunity to suspend their payments during the pandemic, data shows.
In a recent Pew survey, 6 in 10 borrowers said they would find it difficult to make payments again in the coming month.
This is a developing story. Please try again.
Are you ready to start paying student loans again next month? Why or why not? Send me an email at [email protected]