Monthly bills will come due this October, ending a three-year pause.
Borrowers are preparing to make payments on their student loans after a three-year pause that began in March 2020.
home equity lines of credit have become more popular as mortgage rates have surged from record lows.
The decision comes as many prospective students and their parents are debating whether college is worth the cost.
Two-thirds of young adults say they feel ashamed when they have to ask their parents for financial assistance.
To be wealthy in America, you need at least $2.2 million...
For now, some are putting life decisions on hold as they await a Supreme Court ruling.
Yet 48% of respondents said they already feel wealthy today with an average net worth of $560,000.
With the pandemic-era pause set to end, many Americans will struggle to cover their expenses.
Monthly bills will resume 60 days after June 30 if the legislation is enacted by Congress.