1 in 5 Student Loan Borrowers Avoid Making Payments: Report

Borrowers who haven’t been making payments are cautioned about the consequences as the grace period ends on Sept. 30.
1 in 5 Student Loan Borrowers Avoid Making Payments: Report
President Joe Biden speaks about student loan relief at Madison College in Madison, Wis., on April 8, 2024. Andrew Caballero-Reynolds/AFP via Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:
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One in five borrowers with outstanding student loans have made no payments, as many hold out for potential debt relief, a recent survey reveals.

The survey, published on Sept. 5 by Intuit Credit Karma, found that 20 percent of student loan borrowers said they have yet to make any payments on their loans. This figure rises to 27 percent among borrowers with a household income of less than $50,000.