FOIA data reveals tons of ‘underwater borrowers’ ahead of repayment cliff

Federal data reveals that despite the interest-free payment pause allowing borrowers to find some breathing room during the pandemic, two-thirds of nearly 430,000 student loan borrowers were still “underwater” — meaning that they still haven’t been able to make a dent on their original balance.

The data, obtained from the Education Department (ED) by the Center for Responsible Lending and the National Consumer Law Center (NCLC) through a freedom of information request (FOIA) and provided to…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *