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Volume 4, Issue 4 (DECEMBER ISSUE 2023)
johepal 2023, 4(4): 172-178 |
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Hall C. (2023). COVID-19 and the Impact on Student Loan Debt. johepal. 4(4), 172-178. doi:10.61186/johepal.4.4.172
URL: http://johepal.com/article-1-536-en.html
URL: http://johepal.com/article-1-536-en.html
Abstract: (961 Views)
- The COVID-19 pandemic and the financial hardship that it created has impacted the rise in student debt and the ability of borrowers to pay down their student loans.
- Debt repayment and financial hardships impacting one’s ability to take out student loans can have a lasting impact on college enrollment and the desire for folks to further their careers with advanced education, which can in turn have long-term impacts on the economy.
- The financial impact of the pandemic has been most pronounced in lower income and minority students with Black Americans having disproportionately felt the adverse economic impacts of the pandemic.
- College completion is a key driver in making sure students are able to begin repaying their educational debt.
Keywords: Student Loan Debt, Loan Forgiveness, Debt Cancellation, Loan Repayment, Financial Hardship, Economics of HE
Type of Study: Research |
Subject:
Special
Received: 2023/10/22 | Accepted: 2023/12/17 | Published: 2023/12/31
Received: 2023/10/22 | Accepted: 2023/12/17 | Published: 2023/12/31
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