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Borrowers weigh payment boycott as student loan payments set to resume
[10 News] Let us know how that works for you? Most Americans have no student loans or have paid them off, having real jobs. A reckoning is near
The administration is still providing debt forgiveness to around 800,000 borrowers and installing a new income-driven repayment plan. But that still leaves the rest of the 43.5 million Americans who will be paying an average of $337 a month to service their loans. Some economists have warned that this could slow down consumer spending, which has been surprisingly steady amid inflation. It also coincides with other hardships, like major strikes in Hollywood and for Detroit's Big Three automakers. Related: Debt forgiveness: 2023-06-30 BREAKING: Supreme Court Kills Joe Biden's Student Loan Forgiveness Debt forgiveness: 2023-05-10 PM Barre fires at Deni, accuses him of derailing debt relief process Debt forgiveness: 2022-11-07 Democrats' Circular Firing Squad Begins Early Posted by: Frank G 2023-09-24 |
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