40 percent of student loan borrowers missed first payment since COVID pause, officials say ...Middle East

Forty percent of student loan borrowers missed their first student loan payments since they were paused for three years due to the COVID-19 pandemic, the Department of Education said Friday. In a blog post, U.S. Undersecretary of Education James Kvaal said 60 percent of student loan borrowers whose payments were due in October made them by mid-November. He said 22 million people had payments due in October, and over 4 million owed payments for the “first time.” “While most borrowers have already made their first payment, others will need more time. Some are confused or overwhelmed about their options,” Kvall said. ”We want to make sure borrowers know that our top priority is to supp

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Last updated : 16 Dec 2023 clock 08:48 PM

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40 percent of student loan borrowers missed first payment since COVID pause, officials say ...Middle East

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