REPORT: Despite COVID-19 relief, economic harm to student loan borrowers continues; more help needed

The COVID-19 pandemic is out of control, yet federal student loan relief is set to expire on January 31, 2021. A national poll of 58,733 student loan borrowers conducted between November 31 and December 4, 2020 finds that most people are not financially secure to resume payments, economic challenges disproportionately harm people of color and older people, and essential healthcare and education workers face unique obstacles. The findings show their situation has declined since the first survey was conducted in April 2020.

Read the full report below or find the PDF here.

This survey is the second in a series with the objective of understanding the impact of student loan debt during the COVID-19 pandemic and to collect feedback on borrower experiences. The 46-question survey was distributed online to a database of Student Debt Crisis followers that includes approximately 2 million people.