As 2023 came to a close, student loan borrowers were informed that they will not face significant penalties for missed payments until September 2024. The year began with optimism for borrowers, but it ended with the resumption of monthly payments and only limited debt relief available. Despite the challenges faced throughout the year, there is a possibility that 2024 could bring student loan forgiveness, a topic that has been prominent over the past year and is expected to continue into the new year. The Education Department reported that by mid-November 2023, 40% of student loan borrowers had failed to make their payments, a notable increase from the 26% who had missed payments by the same time in 2019.
6 Student Loan Forgiveness Updates To Watch As 2024 Kicks Off https://t.co/v9stupdtDh
40% of student loan borrowers had failed to make their payment by the middle of November 2023, according to the Education Department. Meanwhile, in 2019, 26% of borrowers who owed a payment had failed to make their payment by the same period.
Student loan forgiveness was a major issue during the last year, and that will likely continue to be the case during 2024 as the New Year commences. https://t.co/UeVRi5vwkk https://t.co/kfbwfjMdvL
Here's why 2024 could be the year student loan borrowers finally get forgiveness https://t.co/FijZJJZvwv
Student loan borrowers began 2023 with money and hope. The year ended with resumed monthly payments and only limited debt relief. https://t.co/dHSn1dDAje
Student loan borrowers began 2023 with money and hope. The year will end with resumed monthly payments and only limited debt relief. https://t.co/vOZEKabOHa
Student loan borrowers began 2023 with money and hope. The year will end with resumed monthly payments and only limited debt relief. Here's a look back at the year in student debt, student loans and the impact on education: https://t.co/jfqarDEZ4l
Student loan borrowers won’t face penalties for missed payments through September 2024
Student loan borrowers won't face significant penalties for missed payments through September 2024 https://t.co/n4d7urMX6t