Eight borrowers share with Insider what a year without student loan payments has meant for them. "I've never had an excellent credit score before," one said.
A year without student loan payments
About 45 million Americans hold student loan debt with a total national outstanding amount over $1.7 trillion. More than one year ago, the federal government halted monthly student loan payments. Hear from eight borrowers about what a year without payments has meant for them.
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Where Biden stands on debt collection
The case for cancelling debt
Eliminating $10,000 of debt would help 15.3 million borrowers completely wipe out their outstanding federal student debt. Forgiveness would help narrow the racial wealth gap.
A disproportionate amount of debt forgiveness would go to middle- and higher income families since they tend to hold more student debt. Any long-term solution should factor in low-income families' tuition...
Over 8 million borrowers are enrolled in the repayment programs, and 2 million people have been in repayment for over 20 years. In the programs' 25-year existence, only 32 people have ever had their student...
Looking Forward
