Commencement

"Roughly 40% of the 22 million borrowers who had bills due in October did not make payments by mid-November."

8.8 million student loan borrowers missed their first payment after pandemic pause ended | CNN Politics Nearly 9 million borrowers missed their first student loan payment after the pandemic-related pause ended this fall, the Department of Education said Friday.

"If it's finalized, the proposal would give a major overhaul to income-driven repayment plans — one of several payment options offered by the federal government. The resulting plan would have lower monthly payments, an easier path to forgiveness and a promise that unpaid interest will not be added to a borrower's loan balance."

Biden administration announces new 'student loan safety net' proposal. Here's what to know. The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future.