CFPB’S Analysis of the First Seven Months of the Federal Student Loan Return to Repayment

The return to student loan repayment after a multi-year pause has revealed significant financial stress among borrowers. While nearly 40% of borrowers resumed making payments by April 2024, many continue to face challenges with other debts. Notably, borrowers who missed payments often share financial vulnerabilities with those on $0 scheduled payment plans. Understanding these patterns is crucial as millions navigate new repayment terms and financial realities.