{"id":2416787,"date":"2025-03-27T17:04:02","date_gmt":"2025-03-27T21:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nearly-10-million-student-loan-borrowers-risk-credit-hit-washington-examiner\/"},"modified":"2025-03-27T17:05:22","modified_gmt":"2025-03-27T21:05:22","slug":"nearly-10-million-student-loan-borrowers-risk-credit-hit-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nearly-10-million-student-loan-borrowers-risk-credit-hit-washington-examiner\/","title":{"rendered":"Nearly 10 million student loan borrowers risk credit hit &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnearly-10-million-student-loan-borrowers-risk-credit-hit-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2416787&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A report from the Federal Reserve Bank of New York indicates that nearly 10 million student loan borrowers are at risk of damaging their credit due to missed payments following the end of the COVID-19 payment pause.Approximately 9.7 million borrowers fell behind on their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-what-each-of-bidens-42-executive-orders-will-actually-do\/\" title=\"Here\u2019s What Each Of Biden\u2019s 42 Executive Orders Will Actually Do\">federal student loan payments<\/a>, with delinquency rates reaching a high of 15.6% by the end of the payment transition period, resulting in over $250 billion in missed payments. The Biden governance had initiated a 12-month &#8220;on-ramp&#8221; period to aid borrowers in transitioning back to repayment, during which they were shielded from most penalties for late payments. However, this relief ended on September 30, 2024. The report warns that borrowers may experience significant drops in their credit scores\u2014over 150 points\u2014due to delinquency,which can subsequently lead to reduced credit limits and higher interest rates on future loans.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Nearly <a href=\"https:\/\/amzn.to\/3YuVZYV\">10 million student loan borrowers risk credit hit due<\/a> to late payments<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2062608\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Approximately 9.7 million <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/student-loans\/\" target=\"_blank\" rel=\"noopener\" title=\"\">student loan<\/a> borrowers fell behind on their payments after the<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/covid-19\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> COVID-19 pandemic-era <\/a>payment pause ended, according to a new estimate from the <a href=\"https:\/\/libertystreeteconomics.newyorkfed.org\/2025\/03\/credit-score-impacts-from-past-due-student-loan-payments\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Reserve Bank of New York<\/a>.&nbsp;<\/p>\n<p>&ldquo;After payments resumed, the volume of past due federal loans quickly returned to pre-pandemic levels and reached a new high of 15.6 percent by the end of the on-ramp period, with more than $250 billion in delinquent debt held by 9.7 million borrowers,&rdquo; the report stated.&nbsp;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/3359173\/florida-jay-collins-child-labor-law-illegal-immigrant-workforce\/\">Florida lawmakers eye relaxing child labor laws after targeting illegal immigrant workforce<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3359097\/gas-prices-higher-than-last-month\/\">Gas prices: Now higher than a month ago<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/3358186\/stephen-a-smith-bill-oreilly-clash-trump-lower-debt\/\">Stephen A. Smith and Bill O&#8217;Reilly clash on Trump&#8217;s ability to lower debt<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>When the COVID-19-era pause on federal student loan payments ended in September 2023, the Biden administration introduced a 12-month &ldquo;on-ramp&rdquo; to help borrowers transition back to repayment. During this period, borrowers were protected from most penalties for missing payments, but this relief ended on September 30, 2024.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3234365\/trump-second-term-undo-biden-student-loan-forgiveness\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>TRUMP&rsquo;S SECOND TERM COULD UNDO BIDEN&rsquo;S STUDENT LOAN FORGIVENESS<\/strong><\/a><\/p>\n<p>&ldquo;It is reasonable to expect student loan delinquency to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-govt-considering-another-mandate-recommends-people-start-masking-again\/\" title=\"French Govt Considering Another Mandate, \u201cRecommends\u201d People Start Masking Again\">surpass pre-pandemic levels<\/a> when new delinquencies hit credit reports,&rdquo; the Fed&rsquo;s report also said.<\/p>\n<p>A student loan delinquency can cause a drop in a borrower&rsquo;s credit score of over 150 points, resulting in &ldquo;reduced credit limits, higher interest rates for new loans, and overall lower credit access.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2062608\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2062608\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 10 million student loan borrowers face credit risks due to late payments<\/p>\n","protected":false},"author":2542,"featured_media":2416788,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/AP24339794287687-1.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[21190,52343,32783],"class_list":["post-2416787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-borrowers","tag-credit-risk","tag-student-loans"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/AP24339794287687-1.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2416787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2416787"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2416787\/revisions"}],"predecessor-version":[{"id":2416791,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2416787\/revisions\/2416791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2416788"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2416787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2416787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2416787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}