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The Real Deal: Federal student loan payments resume. Here's how it can impact your wallet in Connecticut

Interests began accruing in September and payments are due this month.

News 12 Staff

Oct 6, 2023, 11:02 AM

Updated 283 days ago

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Federal student loans are due again and a lot has changed since borrowers last paid.
News 12 Connecticut spoke with a financial advisor about the changes we are seeing and how it can impact the wallet.
"The average student loan balance in the state of Connecticut is just over the $36,000 less than the U.S. national averages," said Caleb Silver, of Investopedia. "Most borrowers though about 50% plus owe less than $20,000 on their student loans. It's the folks 25-49 that have the biggest balances and the older you get the higher the balance is."
Interests began accruing in September and payments are due this month.


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