20% of All Student Loan Holders Say They Won’t Be Able to Make Their Next Payment

https://www.marketwatch.com/story/two-thirds-of-student-loan-borrowers-have-less-than-1000-in-the-bank-survey-finds-2018-11-01


Struggling to repay your student loans? You’re likely not alone.
Roughly 20% of student-loan borrowers said they won’t be able to make their next payment and another 44% report it could be a challenge. That’s according to results of a survey released Thursday by Student Debt Crisis, an advocacy group, and Summer, a company offering free tips for students and borrowers on how to save on their loans.
The survey polled a specific set of borrowers — those who responded to a Student Debt Crisis email request to participate in the survey. But the more than 7,000 responses add texture to our understanding of the challenges student-loan borrowers face and comes as borrower advocates worry about the fate of student loans amid proposed regulatory rollbacks.
Perhaps the most stark finding: roughly 65% of respondents said they have less than $1,000 in their bank account.