The pause on student loan payments is ending. Can borrowers find room in their budgets?

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June 7th, 2023

Celina Chanthanouvong stands with her cat in her apartment in Emeryville, Calif., on June 2, 2023. After a payment pause that has lasted more than three years, more than 40 million student loan borrowers will be on the hook for payments starting in late August. The pause in repayment has been a lifeline keeping 25-year-old Chanthanouvong afloat. (AP Photo/Terry Chea)

In a good month, Celina Chanthanouvong has about $200 left after rent, groceries and car insurance. That doesn’t factor in her student loans, which have been on hold since the start of the pandemic and are estimated to cost $300 a month. The pause in repayment has been a lifeline keeping the 25-year-old afloat.

“I don’t even know where I would begin to budget that money,” said Chanthanouvong, who works in marketing in San Francisco.

Now, after more than three years, the lifeline is being pulled away.

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