Student-loan borrowers with jobs aren't ready to pay off their debt

We are so sorry! We bumped into a system failure and couldn’t take your email this time.On February 1, 2022, the relief student-loan borrowers have had since the start of the pandemic will be stripped away and they will be thrown back into repayment — whether they're ready or not.

"What we saw this time around is that student loan borrowers are being informed by their loan servicer and by the Department of Education at higher rates, and student loan borrowers are actually employed at very high rates," Cody Hounanian, executive director of the Student Debt Crisis Center, told Insider."And despite that good news, nine in ten borrowers say they're not ready to resume payments on February 1.

"When we think about that huge, huge chunk of their income going to student loans at a time when the nation's talking about rising inflation and increased costs, it's a recipe for financial disaster," Hounanian said.

With inflation, wages that aren’t going up, health insurance premiums out of control, rent/housing out of control..,,how can one put afford to pay student loans. This is going to be a disaster

Yeah turns out when people have an extra $400 per month by canceling payments as a form of relief, they adjust their lifestyle. Whoda thunk it

Dept of Ed. adds 10,000 fine for default on loan onto the principle. Then Dept of Ed. rewrites the origional amount borrowed to include the fine. Some borrowed 1500 for a semester, dept of ed says they borrowed 6800. Hoping they didn't keep the paperwork.

Not all student loan debt is what people borrowed and interest, there a lot of arbitrary fines the department of education adds, like for default there a 10,000 fine. so a lot quit their low paying job if wage garnishment occurs to never pay a penny on such unconstitutional fines

学生贷款将在75天后恢复支付，89%有全职工作的借款人还没有准备好：“这会导致金融灾难”

It'll be great for inflation, though.

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