Around 9.7 million student loan borrowers became past due on their bills when the payments resumed after the Covid-era payment pause, the Fed estimates.
  • LovableSidekick@lemmy.worldEnglish
    5·
    12 days ago

    “Due to your delinquent loan status we’re gonna have to repossess your life.”

    “Good, you’re welcome to it!”

    • HubertManne@piefed.socialEnglish
      6·
      13 days ago

      my guess it takes at least 30 more days to be past due but often 90 and 180 days becomes particularly significant. Alls I can find in the article is:

      “By the end of the off-ramp period, the New York Fed estimates that the volume of past-due federal student loans hit 15.6%, with more than $250 billion in delinquent debt.”