Credit hit loom large on millions of American as student loan payments go delinquent again
Bloomberg
Sep 9, 2024 7:17 PM IST
The borrowers at present are shielded from taking a hit to credit scores, because the Biden administration ordered a one-year moratorium.
The Government Accountability Office estimated in a report issued last month that about 10 million borrowers – more than one-quarter of the total – were behind on payments as of the end of January. (Photo Credits: Unsplash)
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