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Podcast: The IBJ Podcast with Mason King
Episode: Pete The Planner on potential student loan tumult and its wider economic threats
Description: More than 40 million people in America are about to take a big financial hit, and it could have such serious repercussions on the economy that we could find ourselves back in at least a mini-recession.
Federal student loan borrowers haven’t been required to make loan payments since March 2020, due to the economic stresses of the pandemic. But the grace period is almost over: Some 44 million borrowers will be required to either begin or continue making payments in September.
Education officials have predicted that there could be historic levels of federal student loan delinquency and de...