Student Loan Overdues Hit New High

Outstanding student loan debt now stands at $956 billion, an increase of $42 billion since last quarter.  However, of the $42 billion, $23 billion is new debt while the remaining $19 billion is attributed to previously defaulted student loans that have been updated on credit reports this quarter. As a result, the percent of student loan balances 90+ days delinquent increased to 11 percent this quarter.

Student Loans Over Due Hit New High

And the total student loan debt outstanding for just the Federal program is close to ONE Trillion dollars.

Federal Student Loans

This will end and it will not end well.

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