Unnamed Speaker

When Kristen and her partner bought their house, they decided it would be better if Kristen wasn't on their mortgage application because of the amount of debt she carried. I'm not on our house because my student loans would actually impact our payment. And then in 2020, Kristen and other borrowers like her got an unexpected break.

When Kristen and her partner bought their house, they decided it would be better if Kristen wasn't on their mortgage application because of the amount of debt she carried. I'm not on our house because my student loans would actually impact our payment. And then in 2020, Kristen and other borrowers like her got an unexpected break.

When Kristen and her partner bought their house, they decided it would be better if Kristen wasn't on their mortgage application because of the amount of debt she carried. I'm not on our house because my student loans would actually impact our payment. And then in 2020, Kristen and other borrowers like her got an unexpected break.

The pandemic hit, and the Trump administration announced a pause on federal student loan payments.

The pandemic hit, and the Trump administration announced a pause on federal student loan payments.

The pandemic hit, and the Trump administration announced a pause on federal student loan payments.

How old were you when you were feeling like, yes, I've got this, I'm an adult? I was like 35, 36, something like that.

How old were you when you were feeling like, yes, I've got this, I'm an adult? I was like 35, 36, something like that.

How old were you when you were feeling like, yes, I've got this, I'm an adult? I was like 35, 36, something like that.

And for some borrowers, it seemed like that great feeling could become the new normal.

And for some borrowers, it seemed like that great feeling could become the new normal.

And for some borrowers, it seemed like that great feeling could become the new normal.

The Biden administration was pushing for debt forgiveness. But in 2023, that plan was blocked by the Supreme Court. Other efforts to lighten the burden of federal student loans also hit legal snags. And so later that year, Biden's Department of Education announced that borrowers would need to start repaying. But it gave them a year to ease back into it.

The Biden administration was pushing for debt forgiveness. But in 2023, that plan was blocked by the Supreme Court. Other efforts to lighten the burden of federal student loans also hit legal snags. And so later that year, Biden's Department of Education announced that borrowers would need to start repaying. But it gave them a year to ease back into it.

The Biden administration was pushing for debt forgiveness. But in 2023, that plan was blocked by the Supreme Court. Other efforts to lighten the burden of federal student loans also hit legal snags. And so later that year, Biden's Department of Education announced that borrowers would need to start repaying. But it gave them a year to ease back into it.

The Biden administration decided to give borrowers another year, known as the on-ramp period, where they could make payments if they wanted to or if they were able to, but any delinquencies or late payments were not being reported to credit bureaus. So it was kind of like soft launching student loan payments again.

The Biden administration decided to give borrowers another year, known as the on-ramp period, where they could make payments if they wanted to or if they were able to, but any delinquencies or late payments were not being reported to credit bureaus. So it was kind of like soft launching student loan payments again.

The Biden administration decided to give borrowers another year, known as the on-ramp period, where they could make payments if they wanted to or if they were able to, but any delinquencies or late payments were not being reported to credit bureaus. So it was kind of like soft launching student loan payments again.

But now, that grace period is over. How that's hitting borrowers is next. Student loan repayments officially restarted back in 2023. The problem was that many borrowers didn't know about it.

But now, that grace period is over. How that's hitting borrowers is next. Student loan repayments officially restarted back in 2023. The problem was that many borrowers didn't know about it.