The Times of India News

42% of federal student loan borrowers struggle to cover bills and face default risk under Trump-era changes

A survey by Data for Progress and TICAS reveals that 42% of federal student loan borrowers struggle to cover essential costs like food and housing. More than a third face difficulty paying health-care bills, and over half are saving less for retirement. Trump-era repayment changes, including reduced access to deferments and forgiveness plans, have increased default risks. With rising loan balances and stagnant wages, borrowers are navigating severe financial pressure affecting daily life and future plans.