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As student loan default rate spikes, some borrowers face 'grave consequences,' New York Fed says
cnbc.com/2025/05/13/student-loan-collections-resume-credit-scores-tumble-ny-fed.html
Between their credit card balances, mortgages, auto loans, home equity lines of credit and student debt, Americans owe a record $18.2 trillion, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.
Still, for the most part, borrowers are…
This story appeared on cnbc.com, 2025-05-13 15:58:31.