Looming end to student loan payment moratorium raises fears among defaulted borrowers
The start of the new year weighs heavy on Elizabeth Barber.
The home health aide in Penfield, N.Y., has spent the past several months stretching the $12.89 an hour she earns to cover her mortgage and utilities. But as fewer families felt comfortable inviting a stranger into their homes during a pandemic, Barber lost clients, lost money.
Now with barely 25 hours of work a week and bills piling up, Barber, 60, worries the federal government will resume withholding 12 percent of her paycheck for a past-due student loan.
“I’m stressed out,” Barber said. “My work has changed dramatically in just the last two months. I’ve lost several cases. I’m still struggling. I can’t afford to lose more money.”
https://www.msn.com/en-us/news/us/looming-end-to-student-loan-payment-moratorium-raises-fears-among-defaulted-borrowers/ar-BB1bhJ4g?li=BBnb7Kz