Many Bronx residents face difficulties repaying federal student loans due to rising living costs in New York City. With the Trump administration's renewed collection efforts, borrowers who default risk wage garnishment and seizure of benefits. Notices from Federal Student Aid will inform borrowers of options to manage their loans, yet many remain anxious about possible consequences. Young graduates like Sasha Holguin share experiences of balancing multiple jobs and financial strain as they attempt to stay afloat amid looming financial pressures and mounting debt.
"For 22-year-old Sasha Holguin... it took months to get a job and that was at a coffee shop back in November. When I had just the one job..."
"The change in policy has many Bronx borrowers... worried about what could await them should they go into default."
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