Insights from the 2023-2024 Student Loan Borrower Survey

4 days ago · The survey was fielded between October 2023 and January 2024, as the payment pause on federal student loans ended and many borrowers were returning to repayment. Key …

CouponFollow Extension

30%
OFF

30% Of Federal Student Loan Borrowers Have Gone Without Food Or ...

1 week from now

3 days ago · Nearly a third, 30%, of federal student loan borrowers say they've gone without food or medicine because of their monthly bills. That grim finding comes from a new survey by the …

nbcchicago.com

27%
OFF

As Student Loan Grace Period Ends, 27% Of Borrowers Aren't Paying

1 week from now

Oct 16, 2024 · 2024 Student Loan Repayment Survey. ... Most student loan borrowers (58%) were not aware that missed payments will harm their credit. ... E. Napoletano July 5, 2023.

usnews.com

63%
OFF

CFPB: 63% Of Student Loan Borrowers Have Difficulty Repaying

1 week from now

3 days ago · Forty-two percent of these borrowers have only ever been on the standard repayment plan for their federal student loans, the CFPB said when reporting insights from its …

pymnts.com

10%
OFF

Here’s Who Actually Got Student Loan Forgiveness - Nasdaq

1 week from now

1 day ago · According to the CFPB, about 10% of all federal student loan borrowers have received debt relief on at least one of their loans. The average amount of canceled debt per …

nasdaq.com

$175
OFF

Higher Monthly Payments Loom For Many Student Loan Borrowers

1 week from now

1 day ago · President Biden managed to forgive an enormous amount of debt for a huge number of borrowers during his term — about $175 billion in relief for nearly 5 million borrowers. But …

latimes.com

FAQs about Insights from the 2023-2024 Student Loan Borrower Survey Coupon?

What happened to student loans in January 2024?

Compared to before the pandemic, more borrowers made payments on their student loans in January 2024 than in any previous month on record. The share of the federal portfolio that is making payments has returned to approximately the same level as prior to the pandemic despite a larger share of at-risk borrowers. ...

What happened to the student loan on-ramp in 2022?

The on-ramp was automatic, requiring no action on behalf of the borrower. The Department also announced the “Fresh Start” action in 2022 to give previously defaulted borrowers the same opportunity to return to good standing. However, as the on-ramp has ended, many borrowers continue to struggle with student debts they cannot afford. ...

How many borrowers are enrolled in save in 2024?

Among the 6.2 million borrowers enrolled in SAVE who had scheduled monthly payments, nearly 60 percent (3.6 million) were scheduled to pay $0, as of January 31, 2024. On July 18, 2024, the U.S. Court of Appeals for the Eighth Circuit granted an emergency motion for a stay temporarily prohibiting Education from implementing the SAVE plan. ...

How did a new mortgage slash payments in 2024?

But it raised the amount of income considered nondiscretionary by 50%, immediately lowering monthly payments, and forgave any interest that accrued while a borrower remained current. And starting in July 2024, it was set to slash payments dramatically, to 5% of discretionary income. ...

Will missing student loan payments show up on credit reports?

Missed student loan payments will soon begin showing up on borrowers' credit reports for the first time since March 2020, but many aren't aware of this impending change, according to a U.S. News survey. ...

When will student loan payments be reported?

This means that for most borrowers, delinquent payments are not reported until early January 2025 at the soonest. At the same time, we recognize that several evolving court orders have changed the terms of several student loan repayment plans, which affected many borrowers across the country. ...