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Student Loans Turning Into Financial Nightmares | San Antonio News
Student loan defaults are exploding, with over 4.2 million borrowers falling behind since last April—many blindsided after the pandemic pause ended, now facing ballooning debt and higher payments. The government’s overhaul of affordable repayment plans like SAVE has left millions confused and financially crushed, with missed payments triggering default and devastating consequences like credit ruin and wage garnishment. Borrowers, including those who graduated decades ago, now owe more than they borrowed and may pay into their nineties. With inconsistent advice from servicers and looming…
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