Student loan delinquencies at record levels.
3.62 million borrowers severely delinquent. 8x the pre-2020 average. 14.3% transitioning into serious delinquency, surpassing the 2013 peak of 10.5% and 2008 levels of 7.5%.
h/t (KobeissiLetter)
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Replies (3)
Nothing to see here, going to university is still good value for money. 🤦♂️
Technology will soon destroy some of these college costs & taking out loans. It’ll be cheaper to get education through a tablet from a foreign country or digital course instead of taking out a massive loan. It’s already happening
Endless borrowing for degrees that don’t pay, now crushing balance sheets!! 😬