9 Million in Student Loan Default | Raleigh News

Nine million student loan borrowers are in default — one in five — and experts warn the number will keep climbing. After pandemic payment pauses and grace periods ended, millions face severe consequences: plummeting credit scores, wage garnishment, tax refund seizures, and blocked access to federal aid. Default doesn’t just hurt finances — it sabotages housing, car loans, jobs, and future credit. Many defaulters are over 35, and rising costs like gas and healthcare make payments impossible. Don’t call the Department of Education — contact your loan servicer via studentaid.gov to explore affordable repayment or rehabilitation options before your situation spirals further. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f529978e9e2bd00e