Investopedia / Photo Illustration by Alice Morgan / Getty Images Student loan borrowers are dialing back their discretionary spending. KEY TAKEAWAYS The median student loan borrower has cut $1,590 out of their typical yearly spending since student loan repayments resumed in 2023. The majority of borrowers have been able to manage the hit to their budget. But more borrowers are behind on their payments than usual. Student loan borrowers are cutting back spending in order to restart loan payments, acc ...