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Student loan payments have resumed for 28 million borrowers after a 3.5-year pause, leading to concerns about higher payment amounts. According to JPMorgan, student loan payments have been coming in at an annualized rate of around $75 billion, an increase of $65 billion compared to before the end of forbearance. The New York Fed expects only modest consumption declines from August spending when payments resume. The Biden administration has rolled out new consumer protections for student loan borrowers.
Biden administration rolls out new consumer protections for student loan borrowers https://t.co/GrPpy4iEsz
Millions of borrowers may be getting billed for student loan payment amounts that are much higher than what they should be. https://t.co/SMLEHLxOPq
Student loan payments have been "coming in recently at an annualized rate of around $75bn, an increase of $65bn or so relative to the run rate before the end of forbearance was announced." - JPMorgan https://t.co/00LKcUaRKt
Going to be an interesting retail holiday season, now that 28M student-loan borrowers just had their payments resume for the first time in 3.5 years. https://t.co/zmBA7S28JG
Going to be an interesting retail holiday season, now that 28M student-loan borrowers just had their payments resume for the first time in a 3.5 years. https://t.co/TGS1ntyX1V
3 Reasons Your Student Loan Payments May Be Higher Than They Should Be https://t.co/fToa62eEe8 https://t.co/AaaCmlfudb
STUDENT LOANS
"Paused student loan borrowers only expect modest consumption declines from August spending when payments resume." @NewYorkFed https://t.co/16jbYCFwi7
Student loan repayments will have a 'limited' impact on the economy: NY Fed https://t.co/rT0PqYHOyU by @WritesRonda