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When Student Loan Debt Paused, These Borrowers Kept Paying

The freeze in payments and interest helped some people reset their financial priorities and pay off some of their loans completely

Navient’s recent $1.7 billion settlement will erase student debt for about 66,000 borrowers. WSJ’s Josh Mitchell breaks down the settlement and explains which borrowers will receive debt relief. Photo: Storyblocks
By Julia Carpenter

Rather than skipping payments during the Biden administration’s student-loan freeze, a small but committed percentage of borrowers chose to keep paying anyway.

As of December 2021, 1.2% of borrowers continued paying down loans, said Mark Kantrowitz, a student loan expert. Mr. Kantrowitz’s estimate is based on repayment data released by the Education Department. 

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