Nearly half of student loan borrowers have not made repayments since billing resumed last year, according to The New York Times.
Student loan repayments were put on a three-year pause during the pandemic, allowing borrowers to put their payments on hold until billing resumed in 2023, according to the Federal Student Aid website. There were nearly 19 million borrowers who were not making monthly payments at the end of March, six months after the end of the pause, according to the NYT.
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Author: Marty Kaufmann
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