Resumption of Student Loan Payments Caught Two-Thirds of Borrowers by Surprise; More Consumers Say Household Finances Worsening, Though Better than a Year Ago
TransUnion’s (NYSE: TRU) Q4 2023 Consumer Pulse study found that 49% of student loan borrowers expected the resumption to occur in 2024, with another 14% believing it would happen in 2025 or beyond.
- TransUnion’s (NYSE: TRU) Q4 2023 Consumer Pulse study found that 49% of student loan borrowers expected the resumption to occur in 2024, with another 14% believing it would happen in 2025 or beyond.
- The Q4 2023 Consumer Pulse study is based on a survey of 3,000 American adults between September 27 and October 9, 2023.
- The resumption of student loan payments coincides with more Americans stating their household finances are worse than planned compared to last quarter (40% in Q4 2023 vs. 35% in Q3 2023).
- At the same time, more consumers today (31%) say their finances are better than expected versus one year earlier (23% in Q4 2022).