There’s a consumer credit warning for the millions of Americans with student loan debt — especially younger borrowers. After a lengthy pandemic pause, federal student loan payments are back, and so are the consequences for missing them.

Now that those repayment plans have returned, buying cars or houses and securing lines of credit could be impacted, adding to already high interest rates. Nancy Newman, with New York’s Education Debt Consumer Assistance Program, says many borrowers were caught off guard when a temporary grace period ended late last year.

Lacey Leonardi April 28, 2025

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