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Just 54% of U.S. Student-Loan Borrowers Make Consistent Payments

A student walks into the Alderman Library on the University of Virginia.

A student walks into the Alderman Library on the University of Virginia.

Photographer: Andrew Harrer/Bloomberg

Just 54% of U.S. student-loan borrowers are making consistent payments, instead alternating between months of larger payments or no payment at all, according to a study from the JPMorgan Chase Institute that underscores the burden of educational expenses for millions of Americans.

Among borrowers who started making payments, as many as 59% might be making no payment at any given time, the institute said in a report released Wednesday in Washington. The payment status changes reflect income swings, and show families are less consistent paying student loans than those for cars and homes.