Student Loan Defaults Surge, Appearing on Credit Reports for First Time Since Pandemic

According to a new report from the New York Fed, 2.6 million student loan borrowers fell into default in early 2026, with these defaults now appearing on consumers' credit reports for the first time since the Covid pandemic.

12 May, 16:04 — 12 May, 16:04

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cnbcMostly Factual110d ago

2.6 million student loan borrowers fell into default in early 2026: New York Fed

Student loan defaults are showing up on consumers' credit reports for the first time since the Covid pandemic, a new blog by the New York Fed shows.

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Student Loan Defaults Surge, Appearing on Credit Reports for First Time Since Pandemic

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2.6 million student loan borrowers fell into default in early 2026: New York Fed

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