Saturday, January 27, 2024

Huge No. of College Loan Borrowers Aren't Paying Loans; About 40 Percent of Borrowers Have Not Returned Any Money

A huge chunk of student--loan borrowers siimply aren't paying their college loans back, the Yahoo News website reports today (Jan. 27, 2024).  


The pandemic pause on payments may have ended in October, but about 40% of borrowers who had bills due that month sat on their wallets and didn't send a dime to the governmenrt. 


Some experts estimate that even that figure is an undercount , because it likely doesn't include borrowers whose loans were paused because of servicer errors.

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