93% of student-loan borrowers are in default after pandemic relief

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The student-loan payment pause didn't help most of the 7.7 million borrowers who were behind on federal bills at the start of the pandemic. 93% of them still are.

from the Education Department reveals that of the 7.7 million federal student-loan borrowers in the US that were behind on payments at that start of the pandemic, 93% are still behind — despite a nearly two-year pause in payments.

But in order to participate in the program, borrowers had to complete significant amounts of paperwork and communicate with their student-loan company, which, as Insider has reported, is"It is no exaggeration to say that even with massive federal intervention to provide borrowers a pathway out of default during COVID, hardly any borrowers successfully accessed it," the Student Borrower Protection Center wrote in its analysis.

 

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学生贷款支付暂停并没有帮助770万借款人中的大多数人,他们在流感大流行开始时拖欠联邦账单。其中93%仍然是。

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