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Debt Free or More Student Loan Payments? These 20 Million Borrowers Await ‘Life-Changing’ SCOTUS Decision

With prices rising for housing, gas, groceries, vehicles and more, inflation has staked its claim on the wiggle room in borrowers’ budgets that paused payments initially provided. Illustrating this point, a recent study from the Philadelphia Federal Reserve Bank found that nearly 1 in 3 borrowers who were making full payments before the pandemic said they won’t be able to make payments in full when the pause ends.

“For a lot of people,” Mayotte says, “that money just isn’t there anymore.”