Monday, June 19, 2023

Many student loan borrowers likely face challenges when payments resume, consumer protection bureau warns - Jeremy Bauer-Wolf, Higher Ed Dive

These risk factors include being delinquent on their student loans before the pandemic, or getting assistance to pay off those debts, the CFPB said in an online post Wednesday.
As of March this year, the agency had identified 2.5 million student loan borrowers who were delinquent on other forms of debt, amounting to more than 1 in 13. This is 200,000 more delinquent borrowers than the CFPB found in its last analysis in September 2022.