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Personalized Interventions Hold Promise for Student Loan Borrowers at Risk of Delinquency, Default: Research Demonstrates That Insight into Behavior and Experiences of Those in Debt Should Guide Reform. Brief
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Pew Charitable Trusts, 2021
More than a million federal student loan borrowers default each year, and the U.S. Department of Education reports that as of June 2020, roughly 1 in 5 borrowers with federal student loans was in default. Since that time, the coronavirus pandemic and related economic downturn have continued to take a significant toll on households and businesses…
Descriptors: Student Loan Programs, Debt (Financial), Loan Default, Federal Aid