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As student loan delinquencies spike, borrowers risk 'potential spillovers' with other late payments, NY Fed says
cnbc.com/2025/05/20/student-loan-delinquencies-risk-spillovers-to-other-debts-ny-fed.html
The Trump administration's resumption of collection efforts on defaulted federal student loans has far-reaching consequences for delinquent borrowers.
For starters, borrowers who are in default may have wages, tax returns and Social Security payments garnished.
But involuntary…
This story appeared on cnbc.com, 2025-05-20 13:51:34.