Student Loan Delinquencies Surge: 2.2 Million Borrowers See Credit Scores Drop 100+ Points.
(ThyBlackMan.com) At least 2.2 million delinquent student loan borrowers have seen their credit scores drop by 100 points or more since loan servicers resumed reporting to credit bureaus in the first quarter of this year. The end of pandemic relief measures will further reduce affordable credit options for federal student loan borrowers already struggling with rising prices and stagnant wages, making new credit more expensive, if attainable at all. Affected borrowers […]