Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments

A new St. Louis Fed study finds that the delinquency rate for student borrowers in repayment is 27.3%, meaning nearly one in three of the Americans laboring under a debt load that has now swelled to $1.3 trillion are more than a month behind on their payments.

Over 120 billion in student loans are already in default 27% of students are a month behind on their payments* As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.

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Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments The cost for a college education has skyrocketed over the years and more and more students are using loans to pay for their education. It is estimated that the average graduate completes their degree with $35,000 worth of student loans.

The US has around $1.3 trillion in non dischargeable loans to students Over 120 billion in student loans are already in default 27% of students are a month behind on their payments*

Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments The Student Loan Bubble and Economic Collapse – Over 120 billion in student loans are already in default 27% of students are a month behind on their payments* As economic conditions deteriorate and there are even less meaningful jobs for college.

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