Student Loan Borrowers Aged 50+ Face Higher Default Risk, Says Federal Reserve
New data from the Federal Reserve Bank of New York shows that over 3.6 million student loan borrowers are in default on federal loans, with those aged 50 and older at higher risk than younger borrowers. The average age of delinquent borrowers has increased by 2.5 years since before the pandemic.
Topics: default rates demographics federal reserve data student loans