40 Percent of Student Loan Borrowers Have Not Made Payments: Education Department Data

Education Department blames it on borrowers being confused and overwhelmed.
40 Percent of Student Loan Borrowers Have Not Made Payments: Education Department Data
The Columbia University campus in New York in a file photo. Mario Tama/Getty Images
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Millions of student loan borrowers have not made payments since the pandemic-era pause on payments expired in October, according to new U.S. government data.

In a Dec. 15 blog post, Department of Education Under Secretary James Kvaal wrote that just 60 percent of the approximately 22 million people who had their student loan payments resumed have made a payment by the middle of November. This is equal to about nine million individuals who have not submitted a payment.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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