Millions of Student Loan Borrowers Still Aren’t Making Payments
About 40% of those with federal debt benefited from leniency measures after the pandemic pause on payments ended in October.
Photographer: Rattanakun Thongbun /EyeEm
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Nearly 9 million student loan borrowers didn’t pay after bills restarted.
Following a three-year pause, payments on federal student debt officially began again in October, three months after President Joe Biden’s one-time forgiveness plan fell through. Yet 40% of the 22 million borrowers who had bills due did not make their payments by mid-November, according to the US Department of Education.