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The Independent UK
The Independent UK
National
Cora Lewis

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

Copyright 2023 The Associated Press. All rights reserved

Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars a month. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments.

Megan McClelland, 38, said she has started asking for October shifts with a catering company and a winery to help supplement her income.

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