Millions of Student Loan Borrowers Still Aren’t Making Payments (1)

Roughly a third of federal student loan borrowers are behind on their payments, resulting in massive hits to their credit scores.

About 29% of borrowers — or 5.4 million people — were delinquent on their loans in June, meaning they haven’t made a payment in 90 days or more, according to new data from TransUnion. That’s just slightly down from the record high of 31% reached in April.

Americans with a collective $1.7 trillion in student debt are now required to pay their monthly loan bills, following years of pandemic-era forbearance. Earlier this year, the final leniency measures ended, and the US Department of ...