this post was submitted on 22 Jun 2023
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United States | News & Politics

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$15.7 Billion per month will be removed from US economy as student loan payments resume in October (www.cnbc.com)
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[โ€“] DiggV4@sh.itjust.works 1 points 1 year ago (1 children)

Where's $15.7 billion coming from? Not this article.

[โ€“] yogthos@lemmy.ml -3 points 1 year ago

Of course it is, the article states that 40 million people a monthly bill for roughly 350, anybody capable of doing basic math can see that accounts for 14 billion.

It will likely be for borrowers when the pandemic-era policy expires. Around 40 million Americans have debt from their education. The typical monthly bill is roughly $350.

Then the article provides the following chart showing that the total debt is 1.8 trillion