JW
Joy Wiltermuth
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- A record one-quarter of $450 billion of student loans are being repaid on income-based repayment plans, DBRS22 Feb 2020—MarketWatchUnemployment hasn’t been this low for 50 years, but a record one-quarter of student loans from a popular federal program qualified for easier repayment plans to help borrowers avoid default, according to DBRS Morningstar. Income-based repayment plans were being used on 24.7% of $452 billion worth of student loans with U.S. government backing during the fourth-quarter of 2019, up from 21.8% a year earlier, DBRS Morningstar said in a Friday report. The Obama administration bolstered...
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- Deputy Enterprise Editor at MarketWatch.com