Most student-loan borrowers expect to be able to make full payments once pause ends, Fed survey says

About 70% of student-loan borrowers who were making regular payments before the COVID-19 pandemic now expect they’ll manage to make their payments in full after the end of an ongoing pause for repayments.

“Beyond this group of borrowers, however, continued blanket forbearance extensions are costly and benefit the majority of borrowers who neither expect to struggle with their payments when the payment pause ends nor appear to be shoring up their savings or paying off other debts.” “In other words, for some borrowers, additional forbearance extensions are simply postponing a day of reckoning with loan payments that are unaffordable. Our data show that a more effective and equitable solution would be to design and implement a thoughtful set of policies that address the different root causes of those payment challenges,” they said.

Nobody is paying this... I know like 70 students with loans... NO ONE WILL PAY IT BACK.

It’s about buying votes from those individuals who will benefit. It has nothing to do with their ability to repay.

If there student loan payments we instead spend on purchasing goods and services, the economy would benefit.

Let them go BK after some appropriate period of time of not paying. I mean, people make bad financial decisions all the time and that’s the appropriate route.

Liberal arts degrees?

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