studentloans News & Analysis
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Market Mood
Over 643,000 federal student loan borrowers await plans or forgiveness
More than 643,000 federal student loan borrowers are currently awaiting repayment plans or debt forgiveness, per a recent court filing. As of late March, 553,966 borrowers had pending requests for an income-driven repayment plan, while 89,720 sought answers regarding Public Service Loan Forgiveness (PSLF) buyback applications. The Biden administration's new buyback option is designed to aid borrowers in accelerating their path to forgiveness. Although the U.S. Department of Education made progress, processing reduced pending IDR applications to 576,600 as of February and forgiving 21,200 debts in March, challenges persist for borrowers seeking PSLF relief.
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Mortgage Delinquency Rate Reaches 4.8% in October 2025, Highest Since April 2020
As of October 2025, the mortgage delinquency rate in the U.S. stands at 4.8%, the highest since April 2020. Delinquencies for 60 days and 90 days also reflect an upward trend, recorded at 2.4% and 1.6%, respectively. In the realm of student loans, severe delinquencies (90 days or more) saw a significant increase from 0.8% in October 2024 to 10.9% by April 2025, with the current rate at 11% as of October 2025. These rising delinquency rates could negatively impact consumer credit scores and borrowing costs, indicating potential stress in consumer financial health.
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