ZeroHedge
Student loan delinquencies have been on the rise since the beginning of the year, after the government ended Biden’s years-long payment freeze.
As the charts below show, transition rates into serious delinquency, defined as 90 or more days past due, were largely stable for auto loans and credit cards (although both were elevated compared to previous years), edged up slightly for mortgages and HELOCs … and absolutely exploded higher for student loans, as the share of student-loan debt entering serious delinquency was 12.9%, the highest in 21 years of data!
In fact, as one can clearly see there has never been such a catastrophic deterioration in student loan in US history across borrowers of virtually all ages, but especially those 50 and over! More
Fifty years old and still carrying student loan debt.
Guess that sheepskin in Comparitive Religion didn’t quite pay off.
Maybe if you spent more time working and less time protesting you could make a payment or two.