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

Comments

• LovableSidekick@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  “Due to your delinquent loan status we’re gonna have to repossess your life.”

  “Go ahead, good luck getting anything for it.”

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• supernicepojo@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Why is this news today? Repayments started back in october, six months ago

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  • fyzzlefry@retrolemmy.com ⁨2⁩ ⁨weeks⁩ ago

    Just now getting data?

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  • HubertManne@piefed.social ⁨2⁩ ⁨weeks⁩ ago

    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."

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