Resumption of student loan payments
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Student loans are roughly 5% of all California debts. These borrowings equal $4,660 per capita of the $87,620 total consumer borrowings statewide. Nationally, it’s a bigger hurdle: student loans run $5,470 per capita – or 9% of Americans’ $62,490 per capita debts.
18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it’s the 10th lowest delinquency rate among the states and the District of Columbia.
U.S. federal student loan borrowers had a lot of leeway under President Joe Biden. That's changing under President Donald Trump.