Reported 1 day ago
As student loan payments resume after a prolonged pause, over 5 million borrowers have defaulted, with projections suggesting an imminent doubling of this number. Many borrowers, like Danielle Arnone, are struggling to manage both living expenses and loan repayments. Current data from the U.S. Department of Education reveals that around 42.7 million borrowers owe more than $1.6 trillion, with only a fraction staying current on their payments. Borrowers facing default are encouraged to seek repayment options and financial guidance to avoid further complications.
Source: YAHOO