So … whaddya wanna know about student loan repayments?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 27 July 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Federal student loan payments have been paused for over three years. Since then, borrowers have got used to the extra room in their budgets for dining, vacations, Beyoncé tickets and more. One listener called in to ask: What happens to the economy when payments start again this fall? We’ll get into it and answer more of your questions on President Joe Biden’s new student debt forgiveness plan and why it’s so hard to have student loans wiped out through bankruptcy.

Here’s everything we talked about today:

- “As Student Loan Borrowers Prepare to Resume Payments, Some Borrowers’ Abilities to Pay May Be Limited” from TransUnion

- “Holiday shopping already has retailers on edge” from Marketplace

- “Student-Loan Repayments Are Coming Back. Retailers Are in for a Big Shock.” from The Wall Street Journal

- “The pause on student loans is ending. That could be a storm cloud for the economy” from CNN Business

- “The Biden administration is forgiving $39 billion in federal student loans. Find out if you qualify” from Marketplace

- “Biden is forgiving $39 billion in student debt — here’s who qualifies” from CNBC

- “Student loan forgiveness: What to know about Biden’s $39 billion plan” from Vox

- “Who benefits from the student loan payment pause and what will happen when it ends?” from California Policy Lab

- “Biden Administration Updates Form For New, Easier Bankruptcy Process” from Forbes

- “Biden Administration Offers New Path to Discharging Student Debt in Bankruptcy” from The New York Times

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.

Transcript

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0:50.0	Okay, now we can go.
0:53.4	All right, here we go.
1:00.8	Hello, I'm Kimberly Adams. Welcome back to Make Me Smart, where we make today make sense.
1:04.8	I'm Kyle Rizzo. Thanks for joining us, everybody, on this Thursday. This one's the 27th of July,
1:12.3	and here is what we were going to do today's federal student loan payments. Our set to resume
1:16.9	in October, we've been getting questions because we asked you for questions about what that
1:21.6	might mean for the economy. They didn't just come. Although, maybe some of them did, I don't know.
1:26.2	So, we're going to answer some of them today. That's what we're going to do.
1:29.4	Indeed. We are calling this, what do you want to know about student loan repayments,
1:34.6	because why not give it a name? We love the branding. Anyhow, let's get to our first question.
1:40.4	Hi, this is Kristen, calling for Philadelphia, and I'm wondering what's going to happen to
1:45.2	the economy when all the money that student loan borrowers have been able to not pay and have been
	...

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