As of today, around 9.5 million federal student loan borrowers, representing 20% of the total, are in default. This status indicates that these borrowers are more than nine months behind on their loan payments.
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Approximately 9.5 million federal student loan borrowers are in default
Currently, about 9.5 million federal student loan borrowers are in default, which is approximately 20% of all borrowers. This situation reflects a significant number of individuals who have not made payments for over nine months.
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A wave of student loan borrowers have entered default since pandemic-era protections lapsed
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Approximately 9.5 million federal student loan borrowers are in default