Single frustrated student girl trying to understand notes sitting in a bar
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Student Loan Delinquency Rates Double As Payments Resume
After the three-year pandemic pause and resumption of federal student loan repayments, delinquency rates have doubled in just a few months, according to Education Department data obtained by The Washington Post. Millions of borrowers are struggling to keep up with their monthly bills now that payments are required again.
Roughly 4 million federal student loan borrowers are already behind on payments, a sharp spike in distress that has alarmed policymakers and advocates. The Post reports that the proportion of borrowers missing payments is roughly twice the pre-restart level, illustrating the rocky…
