Over 9 million student loan borrowers past due after bills restarted, Fed estimates
Over 9 million student loan borrowers past due after bills restarted, Fed estimates
www.cnbc.com Over 9 million student loan borrowers past due after bills restarted, Fed estimates
Around 9.7 million student loan borrowers became past due on their bills when the payments resumed after the Covid-era payment pause, the Fed estimates.
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Why is this news today? Repayments started back in october, six months ago
Just now getting data?
my guess it takes at least 30 more days to be past due but often 90 and 180 days becomes particularly significant. Alls I can find in the article is:
"By the end of the off-ramp period, the New York Fed estimates that the volume of past-due federal student loans hit 15.6%, with more than $250 billion in delinquent debt."