After being paused since March 2020, federal student loan payments resume in October. Many borrowers aren’t prepared: According to a new survey from Credit Karma, 45% said that they expect to fall behind on their loan payments once the forbearance ends.
Meanwhile, 37% said they didn’t set aside any money in advance of payments resuming.
“While many borrowers were able to get ahead in other areas of their finances during forbearance, others struggled to stay on top of other bills and expenses,” Credit Karma consumer finance advocate Courtney Alev said in a statement.
R&I. – TP
RandyMarsh