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For some people with student loans, resuming payments means turning to GoFundMe

For some people with student loans, resuming payments means turning to GoFundMe

CBSN
Friday, November 03, 2023 09:10:44 AM UTC

Student loan repayments resumed in October after a three-year pandemic-era pause and the Supreme Court this summer dashed hopes for relief by blocking President Biden's plan to erase up to $20,000 in debt for eligible borrowers.

With the resumption of payments proving a financial hardship for many Americans, some people are turning to other means to find the money: asking for handouts. 

Through October, the number of crowdfunding campaigns on GoFundMe tied to college loans has surged nearly 40% over the last 12 months, with those seeking to raise money coming from diverse backgrounds and across all age brackets, according to data the platform shared with CBS MoneyWatch. 

Read full story on CBSN
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