It's official: Student loan payments will restart in October, Education Department says
www.cnbc.com
The U.S. Department of Education says student loan payments "will be due starting in October." Interest on their debt will begin accruing even sooner.
  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPMEnglish
    03·
    2 years ago

    Of course it is, the article states that 40 million people a monthly bill for roughly 350, anybody capable of doing basic math can see that accounts for 14 billion.

    It will likely be for borrowers when the pandemic-era policy expires. Around 40 million Americans have debt from their education. The typical monthly bill is roughly $350.

    Then the article provides the following chart showing that the total debt is 1.8 trillion