A record 20% of federal student loan borrowers are now more than 90 days past due on their payments, nearly doubling the delinquency rate since the pandemic began. The surge in defaults is attributed to the abrupt end of a grace period designed to help borrowers adjust to repayment after the government paused payments. This move has left many struggling with declining credit scores as they fall behind on their debt.
Source: https://www.washingtonpost.com/education/2025/03/07/student-loan-delinquency-rates-double