Committee members are discussing Caroline Downey and Cage Sawyers how you will significantly reach a student loan to record levels while an increasing number of current and potential university students do not believe that the degree deserves the price on the “final result”.
On Tuesday, the Federal Reserve in New York reported a significant increase in the number Presse loans After the end of the endowment on the payment of students ’loans and the resumption of reporting the jewel to credit agencies.
the New York Fed’s The Partial Economy Data Center issued its separation report on family debts and credit, which found that the number of student loans that are transmitted to serious “sharp” delinquency in the second quarter.
From the second quarter of 2020 to the fourth quarter of 2024, the Federal Student Loan Payments of Credit Offices were not reported, and with the resumption of reports, the rates of delinquency increased.
The Federal Reserve in New York found that in the second Quater of 2025, a total of 10.2 % of the total student loan debt was 90 or more of the delinquents, which is a just lower number of prenatal levels that were about 12 % from 2013 until these rates were transferred to 2 % or less during the period of the epidemic.
Rehabilitation cases have increased on student loans after the end of the payment. (Istock / Istock)
Total suspended amount Student loan debts It was 1.64 trillion dollars in the second quarter of 2025 after it rose by $ 7 billion in the quarter.
In addition, the students ’debt share that enters a dangerous delinquency, which is 90 days or more, jumped to 12.9 % at the end of June, up from 8 % in March and above Pre -birth trends That was about 9-10 % from 2012 to early 2020, when the endowment initially entered.
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The Biden administration extended the payment of the payment because it tried to no avail to cancel the debts of student loans through executive procedures. (Kent Nishimura / Los Angeles Times via Getty Images / Getty Images)
Between different age groups, move to Dangerous delinquency The highest between borrowers was 50 and above, which was about 18 %.
The borrowers in the age group of 40 to 49 were the next highest at about 14 %, while those between the ages of 30 and 39 were just higher than 11 %. The smallest group of borrowers in the 18-29 age group was the lowest rate of transition to dangerous delinquency by more than 8 %.
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President Donald Trump began paying the payment at the beginning of the Kofid’s pandemic, which President Joe Biden continued most of his term in his position. (SAUL LOB/Pool/Getty Images/Getty Images)
The Federal Reserve report in New York also indicated this Credit card debts It rose by $ 27 billion in the second quarter to $ 1.21 trillion, while the borrowing of a car loan of $ 13 billion in the same period increased to $ 1.66 trillion.
The bank researchers said in a publication that some of the rise in cars -related borrowing was related to the relief in buying cars to advance the increase in tariff prices.
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“Although economic uncertainty, the Americans seem to have a steady,” said Matt Schulz, chief consumer financing analyst in Leningry. “Debt and minor expressions have risen, but, in general, this second quarter -quarter was only when it came to student loans. The effect of federal repayment continues to grow, and it was great.”
Reuters contributed to this report.
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