Anxiety Rocks Student Borrowers as Chance of $20,000 Relief Dims
While awaiting the Supreme Court’s decision on the debt-relief program, Americans are preparing for monthly bills to return.
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For three years, millions of Americans haven’t had to worry too much about their student loan debt. But that financial anxiety is rising to the surface as the return of payments looms in September.
With household budgets already tight, there is confusion and concern across the US about how people are going to afford the payments. Many are expected to default, while others are resigned to delaying home purchases, falling behind on other bills or making other drastic budget cuts, like shelving plans to help siblings pay for college.