About To Pay Student Loans Again? Get Ready To Feel Like You’ve Gotten A 5% Pay Cut

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%

Kimberly Wilson
Author: Kimberly Wilson

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.