A survey in March 2022, found that 38 percent of respondents had significant difficulty affording their student loan payments during the pandemic. While the Department of Education implemented a moratorium on student loan payments at the beginning of the COVID-19 pandemic, not all borrowers were eligible for paused payments, such as FFEL Program loans, Federal Perkins Loans, HEAL loans, and private student loans.
Share of student loan borrowers who struggled to make payments in the United States in 2022
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Student Loan Hero. (April 6, 2022). Share of student loan borrowers who struggled to make payments in the United States in 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1328261/borrowers-struggle-to-pay-student-loans/
Student Loan Hero. "Share of student loan borrowers who struggled to make payments in the United States in 2022." Chart. April 6, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1328261/borrowers-struggle-to-pay-student-loans/
Student Loan Hero. (2022). Share of student loan borrowers who struggled to make payments in the United States in 2022. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1328261/borrowers-struggle-to-pay-student-loans/
Student Loan Hero. "Share of Student Loan Borrowers Who Struggled to Make Payments in The United States in 2022." Statista, Statista Inc., 6 Apr 2022, https://www.statista.com/statistics/1328261/borrowers-struggle-to-pay-student-loans/
Student Loan Hero, Share of student loan borrowers who struggled to make payments in the United States in 2022 Statista, https://www.statista.com/statistics/1328261/borrowers-struggle-to-pay-student-loans/ (last visited December 22, 2024)
Share of student loan borrowers who struggled to make payments in the United States in 2022 [Graph], Student Loan Hero, April 6, 2022. [Online]. Available: https://www.statista.com/statistics/1328261/borrowers-struggle-to-pay-student-loans/