Americans with student loans cheered yesterday's announcement. But for many this was just the cherry on top of the unprecedented — and possibly even more impactful — nearly three-year loan payment moratorium.
Crucially, the moratorium helped shore up borrowers' personal finances. Their credit scores increased dramatically, according to an analysis from the"As someone who graduated in 2020, it saved me from drowning under payments when there was no hope of starting my career," says Becca Cox, who is carrying $40,000 in loans.
That's what happened to Brian Moore, a tech worker in San Diego, and his wife, who have about $80,000 in debt. He told Axios he's not bitter.
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