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
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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