According to this CNBC article, from October 7th, only 11% of people with federal student loans are paying those loans back, on time, right now. Due to the forebearance offer, 89% of people are not paying back their federal student loans. So what happens to the SLABS investments being funded by the payments of those millions of student loans (see previous post)? Good question.
Thursday, October 8, 2020
89% of Federal student loans ARE NOT being paid back right now
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