Debt & Savings
Student Loan Delinquencies Hit Record as Late Payments Pile Up
Roughly 31% of borrowers are at least 90 days past due, according to data from TransUnion.
Graduates during a commencement ceremony.
Photographer: Al Drago/BloombergFederal student loan borrowers are missing payments at the highest rate on record, according to data from TransUnion.
Almost one-third of borrowers — or 5.8 million people — are delinquent on their loans, meaning they haven’t made a payment in at least 90 days. That’s up from 21% in February and the highest rate since the credit agency began collecting the data in 2012.