CFPB Survey: Debt Relief Helps Borrowers, But Many Struggle with Repayment Options
The CFPB's first Student Loan Borrower Survey reveals that while 61% of borrowers who received debt relief reported positive life changes, many borrowers remain unaware of alternative repayment options, with nearly 42% only using the standard repayment plan and struggling to navigate more affordable options. [11/14/24]