60 percent of student loan borrowers made no payments during the pandemic freeze ...Middle East

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60 percent of student loan borrowers made no payments during the pandemic freeze
Almost 60 percent of borrowers with loans from the Department of Education did not make any payments on their loans during a freeze officials instituted in response to the COVID-19 pandemic.  The Federal Reserve Board of Governors published an article Friday from three staff members warning some of the roughly 11.5 million borrowers who have not made payments might not be able to resume after the freeze expires. "These borrowers hold almost $400 billion in outstanding student loan debt and, prior to the pandemic, were required to pay about $2.8 billion a month toward their student loan debt," they noted. Former President Trump initiated a freeze at the start of the pandemic in

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