What percent of student loans are in default? 2024

More than 13% of student loan borrowers whose loans are in default have been defaulted for 20 or more years. Student loan default rates vary among different demographic groups. A survey conducted ... Read More

A majority of student loan borrowers are worried about their ability to repay their loans

An additional 65% said their monthly payments are already unaffordable. It’s not for lack of trying either. Many borrowers want to pay off their debt, the survey found. About 92% of survey respondents ... Read More

The return of student-loan payments doesn’t seem to have hurt consumer spending. But some low-income borrowers are feeling the pinch.

A survey by the Federal Reserve Bank of New York released last month found that the payments would force student-loan borrowers to cut their spending by $56 a month on average, which would not ... Read More

How Much Student Loan Debt Does the Average College Graduate Have?

Though 2022 college graduates who borrowed to pay for school took out, on average ... to resume their student loan payments, according to a July 2023 survey by U.S. News. Borrowers who didn ... Read More

Student Loan Payments Are Resuming Soon — Here’s How Much Borrowers Can Expect to Pay

The end of the student loan ... missed payments. There’s no doubt that student debt is a massive burden — it’s the second largest consumer debt after mortgages, and the average borrower ... Read More

Majority of student loan borrowers have delayed major life events due to debt, poll shows

According to the Gallup poll, 71% of respondents said they've delayed buying homes and purchasing cars over loan debt. Read More

Credit card, car loans, and mortgage payments have all been rising in the US—and it’s not just because of interest rate hikes

Experian reports on what may be behind an increase in consumer personal debt including credit card, auto loan and mortgage payments. Read More

Beware of scams promising to reduce student debt by enrolling in loan forgiveness programs

The Better Business Bureau encourages graduates to carefully research trustworthy sources related to federal repayment plans for student loans. Read More

Student Loan Borrowers See Struggle As Payment Pause Ends

Some 37 million borrowers are ... at present to pay bills such as auto loans, mortgages and credit cards, even though they have not been making student loan payments. Some 44% of borrowers do ... Read More

Average Student Loan Borrower Makes $65,000 and Is an ‘Impulsive Shopper’ — How Do You Compare?

The end of the payment pause is expected to lead to a slowdown in consumer ... student debt. Among the survey’s key findings, according to Business Insider: The average age of student loan ... Read More

Borrowers, don’t miss this important student loan forgiveness deadline

Some people carrying education debt may qualify for credit or forgiveness of their loan through a Department of Education initiative. Here’s what you need to know. Read More

15 Companies That Help Pay Off Student Loans

In 2021, almost 64% of college graduates had taken on student debt, and the average student loan balance for those borrowers was $29,719, according to U.S. News data ... that help pay off student ... Read More