The low-end consumer is about to feel the pinch as Trump restarts student loan collections

By CNBC   |   1 month ago
The low-end consumer is about to feel the pinch as Trump restarts student loan collections

Wall Street warns that the U.S. Department of Education's student loan repayment crackdown may harm low-income Americans by reducing disposable income. Restarting collections on defaulted loans could lead to billions of dollars being taken out of consumers' pockets monthly.

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