Miner Company
Student Loan Defaults Surge As Treasury Assumes Collections
Federal student loan debt has resumed growth, reaching nearly $1.7 trillion and affecting 42.8 million Americans with an average balance of $40,000. Serious delinquencies have surged to 10.3%, with 22% of borrowers now in default and almost 40% in some form of delinquency or default.
Federal student loan debt has resumed growth, reaching nearly $1.7 trillion and affecting 42.8 million Americans with an average balance of $40,000. Serious delinquencies have surged to 10.3%, with 22% of borrowers now in default and almost 40% in some form of delinquency or default.