Is The Student Loan Safety Net Unraveling?

More than 350,000 Californians are now behind on their student loan payments – the highest delinquency rate for any type of debt in over two decades, according to the California Policy Lab. Experts say the missed payments are a symptom of a financial safety net that was already broken before the COVID-19 pandemic disrupted loan payments and is now further unraveling as borrowers face higher bills, fewer repayment options, inconsistent eligibility for loan forgiveness, and a very confusing system. We talk to a researcher tracking student debt, an advocate fighting on behalf of borrowers in court, and a former government official who has seen the system from the inside. Do you have a student loan? Tell us what you’ve been experiencing. Guests: Evan White, executive director, California Policy Lab, University of California-Berkeley Julie Margetta Morgan, president, The Century Foundation, independent think tank that researches public policy - Morgan served as the associate director of research, monitoring, and regulations at the Consumer Financial Protection Bureau (CFPB) Mike Pierce, executive director and co-founder, Protect Borrowers Learn more about your ad choices. Visit megaphone.fm/adchoices