Some 37 million borrowers are preparing to start paying student loans again, but a large portion of them are expected to struggle with payments once forbearance ends, according to a new study.
Come October, the federal student loan payments pause that took effect in 2020 will come to an end. This is “grim news” for borrowers who do not feel confident in their ability to juggle student loan payments and comes at a time when U.S. credit card debt is at an all-time high, according to the study, which was conducted by The Harris Poll on behalf of Intuit Credit Karma and polled 2,059 adults including 394 who currently hold federal student loan debt.
