Debt & Savings
Student Loan Delinquencies Poised to Slam Borrower Credit Scores
Millions who are behind on payments are expected to face financial consequences now that a grace period has ended.
Photographer: Dan Kitwood/Getty Images
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For the first time since before the pandemic, delinquent student loan borrowers will see a hit to their credit scores.
More than 9 million borrowers are currently behind on payments, comprising an estimated 43% of government loans, according to Department of Education data analyzed by VantageScore. Those who are behind on monthly bills could see scores drop by as much as 129 points, the credit-scoring firm said.