Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals
Tens of millions of Americans haven’t had to make payments on their student loans the last two years — and a new study suggests many could struggle when bills come due again.
Why it matters: Payments are scheduled to resume May 1 on federal direct student loans. President Biden is weighing whether to extend the moratorium on payments again, while lawmakers debate the possibility of cancelling some student debts altogether.
