Americans are worried about paying back their student loans

A growing number of Americans are worried about defaulting on their student loan debt after a three-year payment hiatus, according to new data published by MassMutual.

The data, published Tuesday morning, indicates that three months after the federal student loan payment pause ended, about three in five affected individuals are concerned they may have to file for bankruptcy in order to eliminate their debt.

On top of that, one-third of respondents said they do not expect to fully pay off their loans before they retire.