Fed Estimates Over 9 Million Student Loan Borrowers Defaulting After Bill Resumption
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Fed Estimates Over 9 Million Student Loan Borrowers Defaulting After Bill Resumption
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The resumption of student loan payments has indeed put a significant strain on many borrowers, with over 9 million reportedly falling behind. This situation highlights the ongoing challenges faced by graduates and the need for careful financial planning moving forward. It’s essential for borrowers to explore their repayment options, such as income-driven repayment plans or deferment, if necessary. Additionally, there’s a growing discussion around potential policy changes to provide relief for those affected. It’s crucial for borrowers to stay informed and seek guidance on managing their loans during this transition. What are your thoughts on how we can better support those struggling with repayments?