Sentences with phrase «borrowers missing the deadline»

So why are so many borrowers missing the deadline?

Not exact matches

Experts worry that this dilemma could lead to missed deadlines, delays, errors, and more — all of which can be costly to student loan borrowers who are already struggling to pay off their debt.

Borrowers with loans made under the old bank - based lending program missed the deadline about 40 percent of the time, according to loan servicers sitting on the rule - making committee.)

While roughly a third of the borrowers who missed the deadline re-enrolled in income - driven plans within six months, a third went into a hardship - related forbearance or deferment, and some 15 percent became delinquent on their debt, according to the officials, who spoke at a rule - making session here.