Literaturnachweis - Detailanzeige
Autor/inn/en | Chingos, Matthew; Cohn, Jason |
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Institution | Urban Institute |
Titel | How Were Student Loan Borrowers Affected by the Pandemic? An Essay for the Learning Curve |
Quelle | (2023), (11 Seiten)
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Monographie |
Schlagwörter | Loan Repayment; Student Financial Aid; COVID-19; Pandemics; Federal Legislation; Money Management; Debt (Financial); Income; Social Differences |
Abstract | The US Supreme Court will hear arguments next month about whether President Biden has the authority to forgive up to $20,000 in student debt for millions of borrowers. Part of the Biden administration's legal argument rests on the claim that borrowers as a group were made worse off financially by the pandemic. Urban Institute's analysis indicates that most borrowers are currently in a similar or stronger financial position than they were in 2019, but there are warning signs that many borrowers will be in a weaker position once the payment pause ends. Key findings from this report include: (1) Most borrowers said they were doing at least as well financially in 2021 as they were before the pandemic; (2) Credit records also show financial improvement; and (3) The role of the payment pause is unclear, as is what will happen when payments resume. (ERIC). |
Anmerkungen | Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site: http://www.urban.org |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2024/1/01 |