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

⁨42⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨month⁩ ago⁩ by ⁨return2ozma@lemmy.world⁩ to ⁨aboringdystopia@lemmy.world⁩

https://www.cnbc.com/2025/03/26/millions-of-student-loan-borrowers-past-due-after-bills-restarted-fed.html

source

Comments

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  • LovableSidekick@lemmy.world ⁨1⁩ ⁨month⁩ ago

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

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

    source
  • supernicepojo@lemmy.world ⁨1⁩ ⁨month⁩ ago

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

    source
    • fyzzlefry@retrolemmy.com ⁨1⁩ ⁨month⁩ ago

      Just now getting data?

      source
    • HubertManne@piefed.social ⁨1⁩ ⁨month⁩ 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."

      source