The jobs market and the economy is clearly not what we’re being told. The Consumer Financial Protection Bureau warns that 1 in 5 student loan borrowers could struggle when payments restart this fall. This comes after a three-year pause on federal student loan payments. Many borrowers have acquired more debt, such as credit card and auto loans, during the hiatus. The situation may worsen if the Supreme Court negates President Biden’s proposal to cancel up to $20,000 in student debt. Before 2020, many borrowers were already facing repayment challenges. #StudentLoans #debt #interestrates #federalreserve
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