The post Student Loan Delinquency Hits 9.6%, Here’s What That Means for Your Retirement appeared first on 24/7 Wall St..
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Student loan balances total $1.66 trillion with 9.6% seriously delinquent (90+ days past due), meaning nearly one in ten dollars of outstanding student debt is in serious trouble and roughly one million borrowers have been transferred to default resolution.
The delinquency surge is hitting borrowers whose budgets…