Less than 11% of people with federal student loans are repaying them during the pandemic, according to data analyzed by higher education expert Mark Kantrowitz.
Her full-time position as a research assistant at Columbia University, from which she graduated in 2019, pays just around $38,000 a year, so she babysat on weeknights and taught Hebrew school on the weekends.As student debt has ballooned, wages have sputtered. Starting salaries for new college graduatesNow that Sena can take a break from her monthly student loan bill, she doesn't have to work as much and is able to spend more time at home.
When she was juggling multiple jobs, she rarely cooked and relied on microwavable meals and takeout. Now she cooks every day. Some of her favorite meals? Steamed sweet potatoes with tahini butter, chickpea salad and challah, honey and apples."It's so soothing," she said of cooking. "It's one way I feel present in my body and life." With the extra time, she also does yoga and takes long strolls and bike rides around the city.
"I'm relieved that I don't have to seek additional work at this moment that would put me and my roommates in a more difficult situation," Sena said. In March, the U.S. Department of Education said student loan borrowers could pause their payments without interest accruing until September, but President Donald Trump signed an executive order that extended the reprieve through the end of the year. Still, that means borrowers may have to resume their payments in less than three months, while
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