Alkami telemetry data shows impact of student loan payments on borrowers

The number of student loan payments grew 127 percent in october compared to the previous month plano, texas , dec. 21, 2023 /prnewswire/ -- alkami technology, inc. (nasdaq: alkt) ("alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the u.s., recently released data focused on student loan payees and found that half of new student loan monthly payments in october 2023 were over $200, with the median new student loan monthly payment being $206. the number of student loan payments grew 127 percent in october as compared to the previous month, after the pause on federally-backed student loans came to an end and borrowers were required to begin making payments on these loans in october.
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