2022 brings student loan pause and reduces child tax credit

  • Money concerns are worrying many families, especially those that have federal student loans to repay. METRO CREATIVE GRAPHICS
    Money concerns are worrying many families, especially those that have federal student loans to repay. METRO CREATIVE GRAPHICS
  • With the federal student loans on pause for the beginning part of 2022, experts say it’s time to save money. FILE PHOTO
    With the federal student loans on pause for the beginning part of 2022, experts say it’s time to save money. FILE PHOTO
The new year may hit the wallet hard for consumers around the country, particularly for some college graduates and young families. Monthly federal student loan bills are set to resume in May, and the prices for food and other items remain high. Also, the child tax credit – which increased last year – is set to revert to pre-2021 levels. Lampasas County couple Susan and Dan Abrams said they must…

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