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[Opinion] Why US Student Loan Defaults Have Surged to Record Highs as 9.5 Million Borrowers Struggle
Researchers found borrowers who expected more relief cut payments by $40 a month on average, helping push delinquencies higher.
Summary by Hindustan Times
3 Articles
3 Articles
Student Loan Policy Uncertainty Has Real Costs
To put it mildly, opinions varied on whether the Biden administration’s student loan policies—namely its repeated extensions of the COVID-era payment moratorium and attempt at mass loan forgiveness—were good ideas. But new evidence suggests that the uncertainty that these policies created for borrowers was harmful in and of itself. The expectation of future extensions of the moratorium and loan forgiveness led borrowers to make fewer payments on…
·Washington, United States
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Coverage Details
Total News Sources3
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
Factuality
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