Poll Results: Federal Student Loan Payment Pause Helps Borrowers Pay for Basic Needs
Morning Consult conducted a survey, commissioned by Center for Responsible Lending. The poll is presented as a short Powerpoint-style slide deck with key takeaways and charts. Key findings include: Millions struggled to meet their basic needs due to the burden of student debt Low-income borrowers in loan forgiveness programs were more likely to skip meals and face wage garnishment throughout the pandemic The COVID-19 pandemic forced one-third of student debt borrowers to use savings or credit cards to meet overall expenses The payment pause helped roughly 40 percent of student loan borrowers...