Nearly Half of Borrowers Expect to Go Into Delinquency When Student Loan Payments Restart

After being paused since March 2020, federal student loan payments resume in October. Many borrowers are not prepared: According to a new survey from Credit Karma, 45% said that they expect to fall behind on their loan payments once the forbearance ends.
Meanwhile, 37% said they didn’t set aside any money in advance of payments resuming.