The COVID-19 pandemic has changed the lives of Americans across the country negatively impacting the health and livelihoods of millions. Student loan debt statistics for 2021 show U.S. student loan debt is the second highest consumer debt in the United States--crippling 45 million borrowers who collectively owe nearly $1.7 trillion. As part of the CARES Act, passed in March of 2020 in response to the Covid-19 pandemic, student loans were paused; meaning, no federal student loan payments were owed, no interest accrued, and no student loans in default would be collected.
This post was originally published on the Cardozo Journal of Equal Rights and Social Justice website on October 20, 2021. The original post can be accessed via the Archived Link button above.
Berger, Samantha, "Student Loan Debt Forgiveness in a Pandemic" (2021). ERSJ Blog. 5.