Americans’ student loan balance tops $1.6 trillion; nearly half of borrowers haven’t resumed payments
Student loan borrowers in the US are taking their time resuming repayments after the last pandemic-related pause expired late last year. Repayments were paused for borrowers of federal student loans from mid-March 2020, when the COVID pandemic began, and remained in effect until Sept. 1, 2023, 3½ years after the repayment pause began. Data from the … Read more