Poll Shows North Carolinians Stressed and Struggling with Student Debt During the Pandemic Economy
Durham, NC — Over half (55%) of surveyed North Carolinians with student debt who earn less than $50,000 in annual income report a decrease in their household income since the onset of COVID-19, according to a Morning Consult survey commissioned by the Center for Responsible Lending. Despite a pause in payments for many student loan borrowers as provided in the relief CARES Act, nearly three quarters (73%) report stress associated with their student debt. More than two-thirds (69%) report they would have trouble with unexpected financial emergencies or are falling behind in their finances.