Millions Struggle With Student Loan Payments

Student loan defaults are rising. Nearly 1 in 5 borrowers, or 9.5 million people, now miss payments. This totals over $233 billion in unpaid debt.

This increase follows the end of payment pauses. A special program, the SAVE Plan, also terminated. These changes make it harder for many to keep up.

Many borrowers now face financial hardship. They must find ways to manage their debt. This situation affects many households across the country.

Borrowers should review their options. They can contact their loan servicer. They may find new repayment plans that fit their budget.

Source: Fox Business