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Student loan defaults in the U.S. have reached record levels, with around 9.5 million borrowers now in default. This increase follows the end of a payment pause initiated during the COVID-19 pandemic. The Trump administration's changes to repayment plans may lead to further defaults, particularly among borrowers from for-profit colleges, who are struggling more than their public school counterparts.
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Student loan defaults in the U.S. have reached record levels, with around 9.5 million borrowers now in default. This increase follows the end of a payment pause initiated during the COVID-19 pandemic. The Trump administration's changes to repayment plans may lead to further defaults, particularly among borrowers from for-profit colleges, who are struggling more than their public school counterparts.
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Student loan defaults hit record highs...
Student Loan Defaults Reach Record Levels in the U.S.