Latest / Mesa News Today | 2 Min News | The Daily News Now!
Student Loan Defaults Surge Amid Economic Pressure | Mesa News
Student loan defaults are exploding—nearly 10 million borrowers are now more than nine months behind, a jump of over four million since the pandemic pause ended. With $233 billion in federal debt in default out of nearly $2 trillion total, rising costs and crushing bills are pushing people to the brink. Default isn’t just late payments—it can lead to wage garnishment or even Social Security seizures. For-profit college grads are hit hardest, defaulting at twice the rate of public and nonprofit students—76% of schools with the worst non-payment rates are for-profits. And looming changes like…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.