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Download full textSattelmeyer, Sarah; Caldwell, Tia – New America, 2022
In the summer of 2022, New America managed focus groups with almost 50 borrowers from across the country who reported holding federal student debt and defaulting on their loans before the COVID-19 pandemic. Focus group participants felt hopeless about their student loans, and they had good reason to feel this way. They entered the default system,…
Descriptors: Student Loan Programs, Debt (Financial), Loan Default, Loan Repayment
Burk, David; Perry, Jeffrey – Congressional Budget Office, 2020
The volume and number of federal student loans, which provide financing to make higher education more accessible, have grown over the past few decades. In 2017, the most recent year for which detailed information was available, $96 billion in new federal student loans was disbursed to 8.6 million students, compared with $36 billion (in 2017…
Descriptors: Federal Aid, Student Loan Programs, Federal Programs, Loan Repayment
