The debt is due - what happens when federal student loan payments restart
Interest will accrue again starting September 1 and minimum payments will resume in October.
The Week in Philly from KYW Newsradio
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Show Notes
Federal student loan payments have been on pause since early on in the pandemic, but the break is over - those loans will start accruing interest again on September 1, and minimum payments will resume in October. What could that do for the national economy? Will we see people spending less on recreational activities, or will it be a benefit to have more money coming in for the government? We talk with Dr. Samuel Rosen, assistant professor of finance at Temple University's Fox School of Business, about the current state of student loan debt, the Biden administration’s new plan for loan forgiveness, and options for people who might have trouble making payments again.
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