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Student Loan Defaults Surge Nationwide | San Antonio News
Millions of federal student loan borrowers are now in default—over nine months behind on payments—following the end of pandemic-era protections and a grace period. With nearly one in five federal borrowers affected and a staggering $233 billion in defaulted debt, the crisis is hitting hardest for for-profit college grads, who face default rates more than double those of public school attendees. As income-driven repayment plans tighten, especially the once-generous SAVE plan, millions now face higher monthly payments. The burden is especially acute in the South and Puerto Rico, exposing the…
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