According to a survey from Lend Edu, 68 percent of respondents who identified as federal student loan borrowers reported that they were unsure if they could make their federal student loan payments before the CARES Act was implemented. Half of them also said they wouldn’t have been able to pay their next federal loan payment in the aftermath of the economic ruin as a result of the COVID-19 pandemic.
Some Student Loan Borrowers Were Left Out Of The CARES Act — A Bipartisan Bill Could Help
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