4 in 10 Student Loan Borrowers Missed First Payment Since Pandemic

Four in 10 student loan borrowers missed their first monthly payment since the pandemic-era pause lifted this fall, according to new federal data. Roughly 60% of the 22 million people whose bills came due in October for the first time in more than three years paid them, the Education Department said Friday. That’s a drop from 70% of borrowers who made their payments for the same period in October 2019, before the pandemic, according to the Education Department.