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$15.7 Billion per month will be removed from US economy as student loan payments resume in October (www.cnbc.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] DiggV4 1 points 2 years ago (1 children)

Where's $15.7 billion coming from? Not this article.

[–] [email protected] -3 points 2 years ago

Of course it is, the article states that 40 million people a monthly bill for roughly 350, anybody capable of doing basic math can see that accounts for 14 billion.

It will likely be for borrowers when the pandemic-era policy expires. Around 40 million Americans have debt from their education. The typical monthly bill is roughly $350.

Then the article provides the following chart showing that the total debt is 1.8 trillion