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Student Loan Defaults Surge to Record Highs | Durham News
Student loan defaults are hitting record highs as payments resume after pandemic pauses, with nearly one in five federal borrowers now more than nine months behind — totaling 9.5 million people and $233 billion in defaulted loans. The situation worsened after a one-year grace period ended last fall, and new changes like altered income-driven repayment plans could increase monthly payments for millions. States like Mississippi and Puerto Rico are seeing the worst rates, and borrowers from for-profit schools are especially vulnerable, with default rates more than double those from public…
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