Student loan payments resume in February

Student loan payments are slated to resume in February after a provision of the CARES Act expires. In 2020,the CARES Act provided for a temporary pause in the payment of student loans. A recent survey found many borrowers (89%) indicated they will have trouble making loan payments when they are due in 2022.
The survey also noted 27% of respondents said these loan payments accounted for at least one third of their income and 10% said they would direct half of their income to loans.

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