A Student Loan Strike: Here’s The Risks You Would Face

Federal student loan payments have started again for around 30 million Americans after a three year pause due to the pandemic.

Some of those borrowers who are now facing hundreds of dollars each month in repayments may be considering a student debt strike.

The Debt Collective, a debtors’ union organizing the strike, says their goal is to force the government to erase student debt.

Their message to students, pay nothing per month on student loans and look to options that will help you pay nothing monthly.

But some experts warn that this could lead to long-term effects and can affect your credit and lead to collections down the road.