How the Student Loan Crisis Will Show Up in the Economy
For borrowers, this means that every month, money that they presumably used to spend elsewhere is going to pay off debt instead. Many who aren't paying are now considered delinquent or defaulted, a status that sinks credit scores. Around 5.6 million borrowers were marked newly delinquent on their student loans in the first three months of this year.
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Auto seat supplier opening $8 million Normal facility near Rivian's EV plant
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