Ms. Thompson said she was able to use the three-year pause on student loan payments to pay off some other debts. But she estimated she still had another three or four years to go before the remainder of her student loans would be paid off. “In general, we’ve seen clients focusing more on savings and not focusing on those student loans,” he said. “They really didn’t have a plan to address those student loans.”Mr. Graham said a lot of borrowers were surprised when they realized how much student loan debt could grow, since it continued to accrue interest even if the borrower had placed the loan in deferment or forbearance. “I just don’t think they understand the ramifications of the interest being charged on that debt over time,” Mr. Graham said.

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Persons: Thompson, “, Ms, “ It’s, ”, Trent Graham, we’ve, Mr, Graham, accrual, ” Mr Locations: GreenPath, deferment, forbearance