Across the United States, college graduates who took out federal student loans will be required to make payments once again, or for the first time since the on
BYU senior develops Graduly, online calculator to help guide students on college loans Across the United States, college graduates who took out federal student loans will be required to make payments once again — or for the first time since the onset of the pandemic.
It remains unclear how many of these borrowers are delinquent on payments or whether they have the ability to pay.startup that developed Graduly, High prices, interest rates and other lingering effects of the pandemic will make payment painful for many. Wilson said many students over-borrow for college and use money to pay for other unnecessary things like trips or expensive cars and don't think about the payments they'll have to make once the graduate.
Students must do their own calculations on cost of attendance and find ways to lower those costs. Then, if it works their budget and their prospective salary, they can borrow only that amount. Student loan debt is a great tool for students to get a good asset, which is their education," he said.
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