Since March 2020, federal student loan repayments have been on pause. With that pause scheduled to end Aug. 31, many borrowers are anxiously waiting to see whether President Biden will offer any student loan forgiveness, as promised during his campaign.
How has the pause affected millennials’ lives? Professor Daisy Reyes tells us in her analyisis featured in the Washingtokn Post.
"For the past 14 years, I;ve tracked a cohort of 60 Latinx millennials, most children of immigrants and childhood arrivals, who were college students in 2008. Most took out student loans. Most recently, I interviewed many of them in 2018-2019, before the student loan repayment pause, and again this April through July, as the pause has been set to expire. I found that for those carrying debt, the pause didn’t just help them to make ends meet during the pandemic — it also enabled them to provide for parents and other kin, pay off consumer debts, have weddings, plan families and start saving toward homeownership."
Read the entire Washington Post article here.
