A record ~14% of student loans transitioned into 90+ days delinquency in Q3 2025, the highest share since data began in 2003.
Delinquencies have spiked since Q4 2024 as the student loan relief period expired and missed payments started appearing on credit reports.
Borrowers aged 50+ saw serious delinquencies surge to ~20%, meaning 1 in 5 of these borrowers is effectively in default.
For borrowers aged 40-49, transitions into serious delinquency hit ~15%, while those aged 30-39 reached ~12%, both the highest on record.
Even younger borrowers aged 18-29 saw delinquencies jump to ~9%, the highest in at least 11 years.
Student loan debt is a major issue.
