Due to the impact of the COVID-19 pandemic, starting on **************, the U.S. federal government paused payments on federal student loans, moving billions of dollars of student debt into forbearance. Federal student loans are in forbearance, meaning that no payments need to be made, and the interest rate has been set to zero percent until ******************. However, despite these measures, student debt increased in all states. The amount of student debt increased by ** percent in Alaska between 2019 and 2020, the most out of any state.
Due to the impact of the ******** pandemic, starting on **************, the U.S. federal government paused payments on federal student loans, moving billions of dollars of student debt into forbearance. Federal student loans are in forbearance, meaning that no payments need to be made, and the interest rate has been set to zero percent until ******************. Because of this, student loan delinquencies also decreased, with the largest percent change experienced by accounts that are ** to *** days past due, with a ** percent decrease in delinquencies.
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Due to the impact of the COVID-19 pandemic, starting on **************, the U.S. federal government paused payments on federal student loans, moving billions of dollars of student debt into forbearance. Federal student loans are in forbearance, meaning that no payments need to be made, and the interest rate has been set to zero percent until ******************. However, despite these measures, student debt increased in all states. The amount of student debt increased by ** percent in Alaska between 2019 and 2020, the most out of any state.