Roughly six million federal student loan borrowers have become newly delinquent, with almost a third at risk of hitting default status next month, which could trigger wage garnishment and other procedures against them, credit reporting agency TransUnion said in a June 24 statement.
There were 5.8 million borrowers with payments being 90 days or more past due as of April, TransUnion said. When payments become 270 days past due, the borrower enters default status. “It is estimated that nearly one-third, approximately 1.8 million, could reach default status in July 2025.”
