Скачать или смотреть How student loan payments resuming could impact the economy

Starting this month, federal student loan payments will once again be due, leaving many people scrambling to redo their budgets.

Millions of people didn’t have to pay anything toward their loans over the last few years due to the COVID-19 pandemic, meaning money that was likely pouring into the economy will now be rerouted to those loan payments.

Julia Napier had been breathing a little easier for the last three years due to that pause.

“It freed up a lot of money for me," Napier said. "I was able to save quicker and faster and able to do things I wasn’t able to do before.”

The 2013 University of South Carolina graduate, along with millions of other federal student loans borrowers, didn’t have to pay down their loans during that three-year-plus pause. It's a tough return to normal Napier isn't excited about.

“It’s pretty heavy," Napier said. "It’s a big burden mentally and emotionally. It’s kind of always there in the back of my mind. Now that it’s starting back up again, it’s gonna be a tight crunch, so I’m not looking forward to it."

READ MORE: https://www.wcnc.com/article/money/st...