Tag Archives: Student Loans

Student Debt Delinquencies Peak

I blame the students who took on odious amounts of debt for degrees that offer little opportunity to repay the debt and the adults who enabled the kids to take on the debt.

Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth.

Bloomberg calculated the dollar amounts from the Federal Reserve Bank of New York’s quarterly household-debt report, which includes only the total owed and the percentage delinquent at least 90 days or in default.

That percentage has remained around 11 percent since mid-2012, but the total increased to a record $1.46 trillion by December 2018, and unpaid student debt also rose to the highest ever.