“It’s hard to fathom what the impact of 10 million people in student loan default will have on college-going attitudes.” — from linkedin.com by Brandon Busteed
The rates of student loan non payment between April and June climbed sharply, so that 12.9 percent of debt is now subject to “serious delinquency,” according to new data released by the Federal Reserve Bank of New York.
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Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit on Wednesday, which found the number of student loans transitioning into serious delinquency, or 90 days past due, rose “sharply” in the second quarter of 2025.