Student Loan Delinquencies Surge

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federal student loan payments

CNBC

•

US Politics

Over 9 million student loan borrowers past due after bills restarted, Fed estimates

Summary

Nutrition label

83% Informative

Around 9.7 million student loan borrowers became past due on their bills after the Covid -era payment pause expired.

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 over $250 billion in delinquent debt.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful