Borrowers weigh personal, professional options as student loan payments resume ...Middle East

Nearly 45 million Americans collectively owe more than $1.7 trillion in 2023 and have an average outstanding loan balance of less than $25,000, according to the Federal Reserve. (Getty Images) Justin Brown, a father of a 2-year-old who lives with his wife in the St. Louis, Missouri area, has $20,000 in student loan debt. Before the pause on loan payments at the start of the pandemic in 2020, he paid $300 a month. But now that Brown has a family, his financial responsibilities have grown — paying for child care, a mortgage for a house he bought in 2022 and car notes, to name a few. “I have to look at that $300, like where do I carve it from? Because my income is not going to increase in the n

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Borrowers weigh personal, professional options as student loan payments resume ...Middle East

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