The high delinquency rates for student-loan borrowers may be influenced by the temporary on-ramp period, during which missed payments won't affect their credit reports.
A recent GAO report indicates that less than half of borrowers with scheduled payments are currently up-to-date, highlighting ongoing financial challenges despite relief measures.
Many borrowers are reportedly in a wait-and-see mode, anticipating potential debt relief, even after the Supreme Court blocked the first forgiveness plan.
Current interest in potential loan forgiveness remains high among borrowers, as the Biden administration continues to emphasize the possibility despite setbacks.
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