Here’s what Oregonians need to know as student loan repayment set to resume

Bonamici’s webinar last week was organized to answer questions from long-time borrowers anxious about continuing their repayment plans, and for people who graduated during the height of the pandemic and haven’t had to make a first payment.

“Student debt is higher in the United States than almost any other country,” Bonamici said during the webinar. “Federal programs, grants, have not kept up with inflation and rising costs. High interest rates are something I’m very concerned about, and growing balances on student loan debt push borrowers into a deeper hole, and that makes repayment more difficult, if not impossible.”