Wednesday, March 23, 2016

Barely Half of Student Loans Are Being Repaid | Foundation for Economic Education

Barely Half of Student Loans Are Being Repaid | Foundation for Economic Education:



"...46 percent of student loans are not currently being repaid. Ten percent of student loans are delinquent, meaning the borrower has missed payments for thirty days or more. Another 13 percent are in deferment, which means payments have been postponed for various reasons. Another 14 percent are in forbearance, meaning the borrower has encountered economic hardship and had their payments suspended or reduced.

The remaining 8 percent are in default."



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