Personal finance expert and 'The Ramsey Show' host Dave Ramsey joins 'Fox & Friends' to discuss Americans making 'hardship' withdrawals from their 401s, student loan debt and shares tips on how to improve finances.
According to Fidelity’s College Savings & Student Debt study, six in 10 high school students say they won’t be able to afford collegeAdditionally, the study results reveal 65% oftaking advantage of the current federal payment pause say they have no idea how they’re going to start repaying their loans once the emergency pause is lifted this fall.
"These findings are not as much a surprise as they are a concern," says Jesse Moore, head of student debt at Fidelity Investments. "This October will be the first time in over three years that most federal borrowers make a student loan payment, and a lot has changed in three years. These people have bought homes, started families, changed jobs and all have felt the impacts of inflation.
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