Matthew Henderson couldn’t be entering the job market at a worse time. As a senior at Loyola University, he spent the spring semester interning as a trade policy analyst at the British Consulate in Chicago. But his chances of turning that opportunity into a permanent job after graduation ran headlong into the coronavirus pandemic.
Now Mr. Henderson is at home with his family in South Bend, Ind., unemployed and considering jobs at Costco and Target to help pay off $24,000 in student loans. “I’m in this bubble of anxiety,” said Mr. Henderson, who just turned 21. “I have to pay these, but I have no money to pay them.”