Student Loan Payments Restart in October. That Could Be Bad News for Amazon

Payments and interest on federal student loans were suspended early in the COVID-19 pandemic, providing financial relief to millions of borrowers. That suspension was extended eight times, but the end is finally near. Starting in October, borrowers must resume making payments.

While it's impossible to predict the exact impact on the economy or on any individual company, the sudden loss of hundreds of dollars per month in discretionary cash for millions of borrowers is going to have implications. One company that could see an outsize impact is e-commerce leader Amazon (NASDAQ: AMZN).

Amazon is the king of convincing consumers to make impulse purchases. Amazon Prime removes almost all the friction from making a purchase. Shipping is free and fast -- sometimes same-day or overnight, even for inexpensive items.

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Source Fool.com