WASHINGTON – When federal student loan payments resume this fall, they are expected to pull as much $71 billion in otherwise disposable income out of the economy every year, $5.3 billion of which will come from Arizona.
The economic pain could be very real for the 43 million borrowers – about 880,000 in Arizona – who will have to start paying back their student loans after a pause of more than three years that began as a pandemic-relief measure.
“We hear from borrowers, some even in Arizona,…
