Millions of Americans had their student-loan payments put on pause during the pandemic. Now they are back on the hook again. For borrowers, this means that every month, money that they presumably used to spend elsewhere is going to pay off debt instead. Many who aren’t paying are now considered delinquent or defaulted, a status that sinks credit scores. Around 5.6m borrowers were marked newly delinquent on their student loans in the first three months of this year.