End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate

New research shows that more than 1 in 13 borrowers are already behind on payments other than student debt.

The Consumer Financial Protection Bureau warned Wednesday that millions of federal student loan borrowers in the U.S. could struggle to make payments once forbearance ends in late August — a timeline codified by the debt ceiling measure that President Joe Biden signed into law over the weekend. The consumer agency, also known as the CFPB, has been tracking the finances of student loan borrowers...

Source

This post was originally published on Latest – Truthout.


Print Share Comment Cite Upload Translate Updates
APA
Jake Johnson | radiofree.asia (2024-05-10T07:27:00+00:00) » End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate. Retrieved from https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/.
MLA
" » End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate." Jake Johnson | radiofree.asia - Thursday June 8, 2023, https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/
HARVARD
Jake Johnson | radiofree.asia Thursday June 8, 2023 » End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate., viewed 2024-05-10T07:27:00+00:00,<https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/>
VANCOUVER
Jake Johnson | radiofree.asia - » End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate. [Internet]. [Accessed 2024-05-10T07:27:00+00:00]. Available from: https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/
CHICAGO
" » End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate." Jake Johnson | radiofree.asia - Accessed 2024-05-10T07:27:00+00:00. https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/
IEEE
" » End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate." Jake Johnson | radiofree.asia [Online]. Available: https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/. [Accessed: 2024-05-10T07:27:00+00:00]
rf:citation
» End of Student Loan Freeze Will Be a “Massive Disaster,” Warns Consumer Advocate | Jake Johnson | radiofree.asia | https://radiofree.asia/2023/06/08/end-of-student-loan-freeze-will-be-a-massive-disaster-warns-consumer-advocate/ | 2024-05-10T07:27:00+00:00
To access this feature and upload your own media, you must Login or create an account.

Add an image

Choose a Language



A Free News Initiative

Investigative Journalism for People, Not Profits.