The $1.6T student debt problem: The student loan freeze ends this fall. Here’s what readers and experts say.
More than 40m Americans have student loans, owing an average of $37k per borrower — or a total of $1.6T, per new stats from the Department of Education.
During the pandemic, Americans with federal student loans have been able to avoid making monthly payments and accruing interest.
But that freeze is set to end on September 30.
Betsy Mayotte, TISLA’s president, says loans have caused many borrowers to delay homeownership, marriage, children, and retirement. (Some people even worry about marrying people with debt.) https://thehustle.co/06162021-student-debt/