Will the resumption of student-loan payments have an adverse effect on your personal finances?

👍 Yes (29%) – "My husband and I make a comfortable living and should be able to easily afford our payments, but inflation has made everything SO expensive that we now have to cut back in a lot of areas to afford the payment and our monthly necessities for our family. Groceries used to cost us about $500/month and I now budget $1000. That extra $500 we are spending on groceries easily covered our loan payments before inflation got out of control."

• "I took out student loans under the assumption I would have a career that would allow me to live comfortably while repaying a debt. As a masters level educated person, I work 2 jobs to make sure I have a place to live, food to eat, and a vehicle to get to my jobs. It's pretty sad actually."

"The cost of a college education is so much higher than previous generations. And it has lost its value. Colleges and universities are corporations and we have to buy our way into being able to support ourselves by starting out under crushing debt. The system is broken."

👎 No (27%) – "I borrowed money to do something that I did not have money for with the expectation that I would owe the entity I borrowed from. Though the haitus has been nice, if we don't pay our debts back, the national economy will suffer. You can't continue to steal from Peter to pay Paul and expect things to be okay."

• "Although a chunk of change is now coming out of our family's account to pay my student loan debt that we haven't seen in over 3 years, we consciously made the choice not to make those payments during the pause to address other things. Our family has grown since 2020 and we have paid off other non-education debt while my loans weren't accruing interest. I share all that to say NO ONE should have banked on the fact that their student loans or payments were going away. If anyone assumed the government wouldn't come calling for the thousands of dollars they are owed from each person, that's a hard lesson in where to place your trust when it comes to money.

"I have been putting the money needed to pay them into my savings so I wouldn’t get use to the extra income during COVID. I will have to pay about $500 a month but the career that my degree provides offsets that by a wide margin. So, essentially, my degree pays for itself."

🙅‍♀️ I don’t owe any student loans (44%) – "I continued to pay my loans during the pandemic and successfully became debt free in 2020, four years post college. I graduated with about 28K in student debt, majored in a field where I could easily get a job, and have since left that field to pursue other career goals. Couldn't have done it without that original springboard, but I'm done with student debt, and it's a good feeling."

• "I continued to make payments on my loan even through COVID. Last May, after 20 years of NEVER missing a payment, I paid off my student loan of over 35K."

"My spouse and I paid off our loans on (or before) time, even through financial hardships. Student loans are contracts that must be upheld by the government, otherwise, the entire foundation of common law in this country becomes unstable. I think the entire student loan forgiveness scheme is nothing but very thinly-veiled vote-buying."

• "Paid mine back. I am surprised at the number of people that feel this debt should be written off. You made a financial agreement and need to honor it just like mortgage, car loan, credit card etc."

"I worked my way through college. That should be the bellwether for the price of tuition and books -- whether a student can work their way through school with the sweat of their brow."