student loans - Page 3

Growth Rate of Student Loan Debt Doubles During Coronavirus Pandemic

The rate by which student loan debt grows has doubled since the Chinese coronavirus pandemic started, reaching record-high levels. Experian found that most of the new debt can be federal loan payment pause, a coronavirus relief measure that appears to have incentivized consumers not to pay off their existing debt while they borrow more money.

An employee at a money changer counts USD 100 bills in Manila on October 25, 2012. AFP PHO