As student loan default rate spikes, some borrowers face 'grave consequences,' New York Fed says
- Posted on May 13, 2025
- By CNBC
- 2 Views
As student loan default rate spikes, some borrowers face 'grave consequences,' New York Fed says
Millions of borrowers who are late on their student loan payments now face "grave consequences" as collection activity restarts, the New York Fed says.
