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Student loan help: Borrowers are stressed about October 1st repayment date

Student loan payments are set to restart in October and 57 percent of borrowers say they need to make more money to comfortably afford their monthly payments, according to a survey from NerdWallet. NerdWallet Personal Finance Expert Kimberly Palmer and Bipartisan Policy Center Economic Policy Project Director Rachel Snyderman join Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss the impact of student loan repayment on borrowers. Palmer says the survey found borrowers to be under financial pressure and “even confused because we’ve had such a long break.” She states that in the three-and-a-half-year payment pause, Americans spent on essentials like food and housing, and “now suddenly, people have to find a way to start making those payments.” Snyderman calls the student loan crisis “the symptom and not the disease” found in the educational system. “We really do need to look at commonsense solutions… to really put the focus on accessibility and accountability,” Snyderman says, so that students feel like “there is a bang for their buck in making such a tremendous investment.” Click here to watch more of Yahoo Finance s special coverage Student Loans: Smarter Strategies. #yahoofinance #youtube #studentloans Subscribe to Yahoo Finance: [ 🔗 Click ‼️ ] About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: [ 🔗 Click ‼️ ] Connect with Yahoo Finance: Get the latest ne . :::: Visit my YouTube channel @ Yahoo Finance ( [ 🔗 Click ‼️ ] Finance )


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