Student Loan Repayment Crisis Called ‘Dire’ as Nearly Two Thirds Fail To Make Payments
‘It has been a stunning failure of communication by our leaders,’ one expert says.
Sixty-two percent of student borrowers are not current on their loans — and it may be because they don’t know they’re supposed to be paying them, a new study shows.
The analysis by the conservative-leaning public policy think tank American Enterprise Institute (AEI) says student loan repayments remain dramatically low six months after payment requirements resumed.
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