Majority of Bank Risk Managers Expect Student-Loan Delinquencies to Continue to Rise

“A majority of bank risk managers expect student-loan delinquencies to continue to rise.”

Percent of student loans 90 days or more delinquent:
5 years ago: 8.8%
Now: 11.4%

Number of people with two or more open student loans on their credit report:
7 years ago: 12 million
Now: 26 million

“If the defaults continue to increase, ‘the taxpayer is going to be on the hook for losses.’”

(“The federal government has taken a more active role in student lending and now makes about 93% of all loans.”)

WHATEVER IS GOING TO HAPPEN? HOWEVER MIGHT THIS TURN OUT? (I guess we’ll just have to Wait and Seeeeeeeeeeee.)

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