7.8 million student-loan borrowers are at ‘high-risk’ of being unable to pay if Biden resumes payments in May, analysis says

7.8 million student-loan borrowers are at ‘high-risk’ of being unable to pay if Biden resumes payments in May, analysis says

“Put plainly, the pause on student loan payments worked,” Professor Dalié Jiménez, Director of the Student Loan Law Initiative at UC Irvine Law, said in a statement. “This new research shows that when people with student debt were thrown an economic lifeline by the government, they caught it— building stronger credit, paying down other debts, and weathering the pandemic while limiting damage to their financial lives.”