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News@lemmy.world · 11 months ago

Over half of US student loan borrowers racked up credit card debt during the payment pause—now experts worry about 'shock'

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Over half of US student loan borrowers racked up credit card debt during the payment pause—now experts worry about 'shock'

return2ozma@lemmy.world to

News@lemmy.world · 11 months ago

Over half of student loan borrowers racked up credit card debt during the payment pause—now experts worry about 'shock'

Federal student loan payments are about to be due for the first time in three years. Many borrowers will be juggling new debt payments on top of their loans.

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Ghostalmedia@lemmy.world
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11 months ago
The bottom of that “study” is all you need to know about that study:

To better understand how a student loan payment shock may impact a consumer wallet, lenders can leverage TruVision Premium Student Loan Attributes, TruVision Trended Usage Payment Ratio Algorithms and TruVision Trended Liquidity Algorithms.

All that shit was basically just an ad to sell products to financial analysts. CNBC took the bait and advertised the products for them.

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