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Tribune News Service
Tribune News Service
Business
Phillip Molnar

Econometer: Will restarting student loan payments hurt the economy?

Student loan interest rates and payments are set to restart in the fall, and the Supreme Court decided recently to scrap President Biden's debt relief plan.

Some economists have predicted a fiscal contraction as 40 million Americans are faced with payments again.

The thinking is the spending power of a large part of the population is about to decrease, hurting the economy.

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