Student loan repayments will hit economy; how hard depends on who's being hit
ASU expert estimates the average individual annual student loan repayment in Arizona to be $6,000.
In this story published Aug. 18, 2023, in the Phoenix Business Journal:
Younger consumers with smaller annual income will have to make some hard decisions about their spending, but overall the economy will continue along the normal business cycle.
– Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center
Latest news
- LDC Releases Part Two of the 2025 Official LDC U.S. Latino GDP Report™, Featuring First-Ever State-Level Forecasts Through 2030 and Mexican American Contributions to Regional Growth
The 2025 LDC U.S.
- New ASU master's degree in AI launches in LA to serve global business leaders
The master's degree in artificial intelligence in business in Los Angeles connects students with…
- 10 ASU undergraduate business programs rank in top 25 in nation
ASU strengthens its reputation as a leader in business education as 10 programs rank top 25 in…