Student loan debt remains a major issue for many Americans. It is estimated that Americans collectively hold $1.7 trillion in student loan debt, and many people were struggling to meet their loan repayment obligations even before the pandemic hit.
Help, Joe Biden: The Student Loan Debt Freeze Ends In September
The potential end of the student loan repayment freeze is a very daunting prospect for those who hold student loan debt.
Most adults in the United States have now received at least one dose of a COVID-19 vaccine and as a result, a sense of normalcy is beginning to return. Sixty-six percent of respondents in a recent survey indicated that their lives have at least partially returned to normal. But with this return to normalcy comes a harsh reality: the return to business as usual comes with the impending resumption of student loan repayments.