Significant Student Loan Borrower Fatalities Amid Pandemic Lead to Substantial Loan Write-Offs by US Government

According to foreign media reports, due to the death of many people during the new crown epidemic, the US government will have to write off billions of dollars in student loans.

About 300,000 borrowers have died since the moratorium on student loan payments in March 2020, according to estimates by University of Utah economist Adam Looney.

Looney’s research also includes student loan policy.

According to a foreign media analysis of government data, even if this number is halved (which demographers say is quite conservative), the US government may lose more than $5 billion.