Federal student loan payments restart will broadly affect economy, individuals specifically

Mervin Jebaraj, then the interim director for the University of Arkansas' Center for Business and Economic Research, speaks Tuesday, May 23, 2017, at the Hilton Garden Inn during the Quarterly Business Analysis luncheon in Fayetteville. Jebaraj presented the region's employment and business activity during the first quarter of the year. (NWA Democrat-Gazette/David Gottschalk)

The end of the pandemic-era pause on federal student loan repayments -- interest began accruing this month, and payments begin in October -- will result in borrowers rethinking their spending and taking on additional debt.