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The states and federal government provide substantial resources for higher education, to support institutions, promote research, and improve access and affordability for students and families. The mechanisms include spending programs, tax provisions, and direct-to-consumer lending.
The research and analysis collected here explore how the U.S. funds postsecondary education, how that support varies across levels of government, how students and families interact with lending programs, and the challenges associated with student debt.
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Financial Constraints Drive Missed Student Loan Payments
Among borrowers who owe payments on their federal student loans, 13% were not making any payments during the “on-ramp period”: a year-long period of temporary flexibility to help transition borrowers back into repayment after a more than three-year pause on payments and interest accumulation that began during the COVID-19 pandemic.
Don’t miss our latest facts, findings, and survey results in The Rundown
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Over the past several years, the U.S. Department of Education and Congress have made important policy changes to the federal student loan repayment system. But much work remains to ensure that borrowers fully benefit from these new policies...
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