All of a Sudden Students Have Stopped Paying Their Loans, Again--Why?

Jordan Weissmann:

The first six months of 2013 brought us a small measure of good news about student loans: the delinquency rate, while still far too high for comfort, was falling.

Sadly, that's no longer the case. As shown on the graph below, the Federal Reserve Bank of New York reports that 11.8% of outstanding loan balances were 90 days or more past due by the end of September, a new post-recession high.

< IMg src="http://cdn.theatlantic.com/newsroom/img/posts/Delinquencies_Nov_2013.png">

Posted by Jim Zellmer at November 19, 2013 12:19 AM
Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas