More than a quarter of student loan borrowers in several states are behind on their payments, according to a new report. Being in default leaves borrowers vulnerable to consequences such as wage garnishment and the seizure of tax refunds, although some federal collection measures remain on hold. The U.S. has some 42 million people with student loans. Researchers at The Century Foundation and Protect Borrowers said missed payments have surged to nearly three times their pre-coronavirus pandemic

Tag-uri: Coronavirus