More than 10% of student loans are at least 90 days past due. This comes after a pandemic-era pause in repayments and the end of a low cost repayment program.
Student loan interest was paused during the pandemic, but that ended in September. That’s just one reason experts expect more borrowers to default on their loans.
Today marks the end of the one-year grace period the Biden administration tacked on to the federal government’s pandemic pause of student loan repayment.