After forty-three months of forbearance, the pause on federal student loan payments has ended. Originally enacted at the onset of the COVID-19 pandemic in March 2020, the administrative forbearance and interest waiver lasted until September 1, 2023, and borrowers’ monthly payments resumed this month. As discussed in an accompanying post, the pause on student loan payments afforded borrowers over $260 billion in waived payments throughout the pandemic, supporting borrowers’ consumption and...| Liberty Street Economics
Fields of interest| www.newyorkfed.org
Rajashri Chakrabarti is an economic research advisor in Microeconomics and chair of the Research Group’s Data Strategy Committee. Her areas of interest include labor economics, consumer finance and economics of education. Her research focuses on educational investment decisions and future financial and economic outcomes, consumer debt and repayment, financial literacy, costs and returns to post-secondary education and educational finance and accountability. Prior to joining the NY Fed, Raji...| www.newyorkfed.org
Wilbert van der Klaauw is an economic research advisor in Microeconomics. He is also the director of the Center for Microeconomic Data and chair of the Research Group’s Workforce and Recruiting Committee. He is a labor economist and applied econometrician whose research interests include the study of life cycle labor supply and occupational choice decisions, household financial behavior and expectations, the economic determinants of household formation and dissolution, educational investmen...| www.newyorkfed.org