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Download full textDaniel H. Cooper; Maddie Haddix – Federal Reserve Bank of Boston, 2025
Early in the COVID-19 pandemic, the Trump administration paused federal student loan payments and interest accruals as a temporary relief measure for borrowers. The pause covered roughly 90 percent of all outstanding student loans, affecting about 38 million individuals, who collectively held a balance of $1.5 trillion. For each of the 17 million…
Descriptors: Student Financial Aid, Loan Repayment, Public Policy, Federal Aid
