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How are you managing federal student loan debt? | CNN Business

A record-high percentage of student loan borrowers are delinquent, and the federal government is resuming collections on accounts in defaults. These developments are coming at a time when steep tariffs threaten to increase already high costs of living.

The article from CNN, published on May 5, 2025, discusses the increasing trend of using Buy Now, Pay Later (BNPL) services among student loan borrowers to manage their finances. It highlights how many students are turning to BNPL options to purchase essentials and manage their cash flow amidst rising student loan debts. The piece also addresses the potential risks associated with BNPL, such as accruing additional debt and the impact on credit scores. Experts quoted in the article suggest that while BNPL can be a helpful tool for short-term financial management, it should be used cautiously to avoid long-term financial strain. The article calls for more awareness and education on the responsible use of BNPL services among students.

Read the Full CNN Article at:
https://www.cnn.com/2025/05/05/economy/student-loan-debt-bnpl-credit-callout