Credit Corp

MARCH 21, 2023

2021 37 10.2 The state with the lowest average student loan debt per borrower as of the fourth quarter in 2021 is South Dakota, where borrowers owe an average of $28,218. 2021 $1,375.9 It’s also helpful to know that you may still accrue interest while in forbearance or deferment. Source: U.S. 2019 $1,242.6

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Credit Corp

MARCH 9, 2021

However, due to the COVID-19 pandemic, student loan payments and collection attempts have been paused until September 30, 2021. And the amount you owe continues to accrue interest: In April 2020, Bill’s delinquent loan balance stood at $1,200. With interest and fees, his balance grew to $1,350 by January 2021.

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Jimerson Firm

FEBRUARY 11, 2022

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans.

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