A record surge in past-due student loans has added to the growing US debt burden, with 3% of consumer debt now at least 90 days delinquent, according to a report by the Federal Reserve Bank of New York. This marks a significant increase from 2.8% in the first quarter and is accompanied by a sharp rise in student-loan debt entering serious delinquency, reaching 12.9%, its highest level in 21 years.
Source: https://www.bloomberg.com/news/articles/2025-08-05/record-surge-in-past-due-student-loans-adds-to-us-debt-burden