Reported 5 days ago
A recent National Endowment for Financial Education survey reveals that nearly three-quarters of student loan borrowers have adjusted their budgets since payments resumed after a pandemic-related pause. While many reported managing their finances adequately, a significant portion has faced challenges, with 27% stating the end of the payment pause negatively affected their financial well-being. Nearly three in four borrowers are making cuts of up to $1,000 in monthly expenses, emphasizing the financial strain posed by student loans. As the election approaches, over 60% of borrowers want candidates to prioritize student loan issues.
Source: YAHOO