Nearly 9 million student loan borrowers haven’t been paying their bills since payments resumed in October — despite President Joe Biden’s relief programs that included a three-year payment pause. Some 40% of the 22 million borrowers who had bills due after Biden’s one-time forgiveness plan fell through did not make their October payments by mid-November, Bloomberg reported, citing data from the US Department of Education. There are signs that even fewer borrowers made payments in November, according to Bloomberg, pointing to the amount of money the Education Department transfers to the US Treasury each month, which it receives from…
