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Survey: Consumers Who Defaulted with the Student education loans Face Pressures When Money Resume

Related Topics: Consolidated Edison, Inc.

That have student loan payments set-to restart when you look at the March just after an effective nearly two-12 months hiatus, a special survey located simply a small percentage of individuals exactly who had previously defaulted into the financing are ready to make payments once more.

A nationwide survey of more than step 1,five-hundred consumers on Pew Charity Trusts found merely thirty-six% off individuals which have a past defaulted loan said they might pay for their exact same payment per month when repayments resume after the pause concludes .

Meanwhile, 55% off individuals who possess never ever had a loan inside default told you they might pay for its exact same monthly payment when money restart.