Experts share advice for borrowers scrambling after student loan repa…

It’s the elephant-sized debt in the room no one wants to talk about: Student loan payments are expected to resume this fall after a three year pause was enforced during the COVID-19 pandemic.

After last week’s pivotal Supreme Court ruling, the Justices struck down President Biden’s student loan forgiveness plan, meaning billions of dollars in student loan debt will still be active.

And starting September 1, loans will begin accruing interest, with bills likely going out in the mail and due sometime in October.

The resuming of student loan payments has many borrowers scrambling to find out where they will find extra money each month, like Amanda Burris, a Graphic Design undergrad in Chicago.

“I only have about $5,500 in student loans, and they’re all through the federal subsidized loan program,” Burris said. “Definitely could be in a worse situation, loan-wise.”

Many in Illinois are in that worse situation.

More than 924,000 borrowers have…