‘It would destroy me’: fear of student loan default haunts US borrowers

The Trump administration has ended the pandemic-era pause on repayments, leaving many facing colossal debtsWhen David* logs into the online portal for his federal student loans, he sees some big numbers staring back at him: he owes more than $27,000 in his own name, plus about $63,000 in loans that are co-signed with his father but that he pays off himself.“It’s sort of an inconceivable amount to think about paying off anytime soon,” says David, a 26-year-old in Seattle who graduated as a political science major in 2021, and now works for a non-profit. “You almost never see yourself paying it off.” Continue reading...

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