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 November 21, 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 November 21, 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: November 21, 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 November 21, 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/