By Jasmine Browley ·Updated July 29, 2023
A nation-wide, three-year-long government pause on student loan payments is slated to lift soon, and many borrowers aren’t prepared.
According to a recent Wall Street Journal reports that the payments may feel like they’re losing 5% of their income.
As the outlet points out typical monthly loan payment will likely be between $200-$300, per Wells Fargo estimates. This totals out to about a 4%