News

As student loan default rate spikes, some borrowers face 'grave consequences,' New York Fed says
The delinquency rate for student loan balances spiked after a nearly five-year pause due to the pandemic, according to a new ...
NY Fed: Student loan borrowing trouble surged in first quarter
U.S. student loan borrowers ran into trouble during the first quarter after the government lifted a long-running moratorium ...
Americans’ credit card debt falls, but past-due student loans drag on credit scores
Americans tidied up their household balance sheets to start 2025, cleaning up some credit card and auto loan debt, new data ...
Student loan collections resume as record number of borrowers fall behind on payments
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Student loan expert weighs in as millions of borrowers are behind on payments
As student loan repayments continue, many borrowers are grappling with the challenges of managing their debts.In New York ...
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Millions of student loan borrowers head to collections as delinquency rates soar over 20%
“The current rate of delinquency represents the highest figure ever recorded,” TransUnion reports. And it could be more widespread than it looks. “More than one in five student loan ...
Protect Your Credit: How the End of Student Loan Relief Could Hurt Homebuyers—and What To Do About It
Now, approximately 1.8 million delinquent borrowers will be placed on repayment plans, and loans in default will be sent to ...