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Distribution of use of funds during student loan payment moratorium in the United States in 2022

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Sources

Release date

April 2022

Region

United States

Survey time period

March 2 to 11, 2022

Number of respondents

743 respondents

Age group

18-55 years

Special properties

borrowers who paused their monthly payments for at least part of the moratorium

Method of interview

Online survey

Supplementary notes

Multiple responses were possible.

Citation formats

Distribution of use of funds during paused student loan repayment period U.S. 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 24, 2022
A survey in found that ** percent of respondents used the extra money from the moratorium on federal student loan repayments to pay for other household expenses such as rent/mortgage or groceries. A further ** percent used the funds to pay off other debt.

Starting in , federal student loan payments were paused, meaning that no interest accumulated and no payments were necessary.
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Topics

Student loan debt in the United StatesColleges and universities in the United StatesThe cost of college in the United StatesSaving for college in the U.S.Community colleges in the United States
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