'It's going to hurt': How a surging student-loan payment is reshaping a family's future

Business Insider | 12-09-2026 12:39pm |

The Sprague family is facing a significant increase in student-loan payments, from $404 to $1,014 monthly starting in September. Jodi and Paul Sprague had budgeted for the payments since 2015, but the surge has forced them to reconsider their financial plans. Their daughter Olivia, a sophomore at Georgia Southern University, may lose parental help with housing.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.