Online Learning Update

Caitlin Brandt, Louise Sheiner, and Kadija Yilla, Brookings Institution

Forty-two million Americans, or one in every eight, have student loans, and they owe a total of $1.6 trillion, the second largest pool of consumer credit after mortgages. According to the Federal Reserve, 20 percent of adult borrowers who borrowed for their own educations were behind on their payments in 2018. Of those who are paying their loans, typical monthly payments are between $200 and $299. With unemployment soaring due to the coronavirus pandemic, some people may not be able to make their monthly loan payments. What has the government done to relieve the burden of student loans?

https://www.brookings.edu/blog/up-front/2020/04/16/whats-the-government-done-to-relieve-student-loan-borrowers-of-their-burden-during-the-corona-crisis/