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A new report suggests that nearly 27% of the 37 million student loan balances are 30 days or more delinquent.
A new report suggests that nearly 27% of the 37 million student loan balances are 30 days or more delinquent.
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Brian -
Honestly I have to wonder is a good number of these borrowers are just too lazy to figure out that they have repayment options. I say lazy because every college graduate has to go through an Exit Interview where they learn about their loan repayment options before they can get their diploma. We called DH's loans and got them put in forbearance with no questions asked. His parents are paying them and they needed a little time off from payments. With income based repayment and forbearance, there is little excuse for being 30 days late on your loans.
Of course this is completely separate from the issue that some people have too much student loan debt. As we all know, the amount of debt and the credit score are too different things.
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