Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall.
Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era pause that first began in March 2020 under his predecessor, former President Trump.
However, 40% of the 22 million borrowers who had bills due failed to make a payment as of mid-November, according to a new report published by the Department of Education. That means about 9 million Americans who have payments due are not making them.
The figure does not include borrowers who are still in school or who recently left and do not yet owe payments, or whose payment deadlines were extended due to loan servicing errors.
https://www.foxbusiness.com/economy/millions-student-loan-borrowers-still-arent-paying-their-bills