"For some folks, it will require some hard choices," said Miller, a Washington, D.C., area planner who specializes in student loans. "And for other borrowers, it is going to require a fundamental reimagining of their finances."
Over the past few years, the student loan pause has provided freedom from payments, which has allowed some borrowers to save for buying a home or starting a family, he said. "This is just a ton of bricks falling right back down on some of those dreams." For some folks, it will require some hard choices, and for other borrowers, it is going to require a fundamental reimagining of their finances.Biden's plan would have cleared the student loan balances of around
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