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Californians are late paying 18% of their student loans
Student loans are roughly 5% of all California debts. These borrowings equal $4,660 per capita of the $87,620 total consumer borrowings statewide. Nationally, it’s a bigger hurdle: student loans run $5,470 per capita – or 9% of Americans’ $62,490 per capita debts.
Student loan borrowers face turmoil, as collection push begins
The federal government could soon garnish wages or seize tax refunds of delinquent student loan borrowers. At the same time, Education Department staff cuts, reduced repayment options, and administrative slowdowns are causing confusion.
18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it’s the 10th lowest delinquency rate among the states and the District of ...
U.S. federal student loan borrowers had a lot of leeway under President Joe Biden. That's changing under President Donald ...
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