Americans, including nearly 20 million who could have their balances wiped out.
“It affects everything, it affects even the things I do with my children and the fact that I may never be able to own a house,” he says. “Everybody you talk to who has significant student loans says the same thing, that these loans are kind of like this big weight that we carry around our necks that prevent us from actually doing well.”
“I’ve never really been in a position where I made enough money to pay my full monthly payments on loans, I’ve always had to defer it in one way or another,’’ Kilman says. That meant his loan balance, including interest, kept growing—to $177,000 in March 2020.
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Restart Of Student Loan Payments Weighs On Those With High BalancesMichael Kilman doesn't know how he'll pay off the $88,000 of debt he racked up getting his undergraduate and master's degrees. With mounting interest, he now owes $177,000.
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