Friday, August 16, 2024

Economist warns of ‘student loan disaster’ when bills come due this fall

There is an “imminent student-loan disaster” on the horizon that is being overlooked, according to a higher education scholar.
  • Cooper said there are 7.3 million borrowers, according to the latest data from March, who are delinquent
  • Millions more are in default or not paying anything due to the latest Biden student loan bailout, currently being challenged in the courts. 
  • Through various programs, 20 million total borrowers are not paying on their loans...

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