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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.
ConsumerAffairs1d
Student loan delinquencies surge, lowering credit scores for millions of borrowers
Student loan delinquencies soared in early 2025, impacting millions of borrowers' credit scores as unpaid debts climb to $1.63 trillion. Image (c) Consumer
Yahoo Finance9d
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 ...
JD Supra25m
New Department of Education Communication Requires Institutions to Contact Students About Loan Debt
On May 5, 2025, the Department of Education (ED) released a “Request for Institutions to Provide Repayment Information to Former Students to
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 State alone, 2.5 mi
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 collections. Those unable to pay face wage garnishment, loss of tax refunds, and most especially, damage to credit scores, a critical factor in securing a mortgage.​
Student loans key reason of highest default rate in US since 2020; adverse impact on new credit cards: Report
Some 4.3 per cent of debt was delinquent in the first three months of this year, the most since 2020 and up from 3.6 per cent in the prior quarter, the New York Fed said Tuesday in its Quarterly Report on Household Debt and Credit.
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