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Home Market Research Markets

From Late to Default: Stopping Student Loan Damage Before It Gets Worse

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 1 min read
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From Late to Default: Stopping Student Loan Damage Before It Gets Worse
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Student loan delinquency is surging, nearly one-third of federal borrowers are at least 90 days behind, according to Bloomberg. That’s about 5.8 million people, up from 21% in February and more than double the pre-pandemic rate of 12%. The return of mandatory payments, combined with high prices and economic pressure, has created a perfect storm. Missed payments are once again being reported…



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