Jonaki Mehta
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Podcast Appearances
The new report, which comes from the Century Foundation and Protect Borrowers, says student loan delinquency has spiked to a record 25% of borrowers.
And those considered delinquent, meaning students who've been late on their payments, have seen their credit scores go down by an average of 57 points.
The report blames the Trump administration's policies for blocking borrowers from, quote, "...accessing the income-driven repayment plans they're legally entitled to."
that and the increasing cost of living in this country.
In response, the Trump administration told NPR it has been, quote, reporting full inaccurate data on student loan repayment instead of extending so-called flexibilities related to a pandemic that ended five years ago.