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Direct linkPew Charitable Trusts, 2022
Today, approximately 43 million Americans hold a federal student loan. When these borrowers fall behind on payments, they become delinquent on their loans; once the loans reach 270 days past due, borrowers are in default. As of March 2021, roughly 1 in 5 borrowers was in default, according to data from the U.S. Department of Education. Failing to…
Descriptors: Loan Repayment, Student Financial Aid, Income, Loan Default
Pew Charitable Trusts, 2019
As of March 2019, 43 million Americans held student loans provided through federal government programs, the largest segment of the education loan market. But this system is under pressure as more borrowers struggle to repay, a problem compounded by the complexity of the repayment process. Research on the pathways borrowers take through the…
Descriptors: Student Loan Programs, Federal Aid, Loan Repayment, Public Policy
