WCHS – Student loan borrowers are preparing to readjust their budgets. More than 220,000 West Virginians have about two months before beginning to repay their student loans.
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Since 2020, interest and requirements on loan payments came to a halt. Kelly Allen with the West Virginia Budget and Policy Office spoke with Eyewitness News about how how a drastic change in finance will affect borrowers.
“Student loan debt means that people delay buying a home, people delay having child,” Allen said. “That’s kind of where this could have rippling in an economy that’s pretty strong right now if folks have to cut back on other spending.”