40 Percent of Student Loan Borrowers Have Not Made Payments: Education Department Data

Millions of student loan borrowers have not made payments since the pandemic-era pause on payments expired in October, according to new U.S. government data. In a Dec. 15 blog post, Department of Education Under Secretary James Kvaal wrote that just 60 percent of the approximately 22 million people who had their student loan payments resumed have made a payment by the middle of November. This is equal to about nine million individuals who have not submitted a payment. The data does not include borrowers who did not have a payment due in October, have returned to school, or have been covered by the federal government’s recent measures responding to servicing errors....