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Student loan delinquency rates highest in 21 years as COVID moratorium fades away

On HALO

17 hours ago

The Federal Reserve Bank of New York on Tuesday reported a significant rise in the number of delinquent student loans after the end of a moratorium on student loan repayment and the resumption of reporting delinquencies to credit agencies. The New York Fed's Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit, which found that the number of student loans transitioning into serious delinquency rose "sharply" in the second quarter.From the second quarter of 2020 to the fourth quarter of 2024, missed federal student loan payments weren't reported to credit bur...

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17 hours ago
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