Nevada Student Loan Crisis Deepens | Reno News

Nevada’s student loan crisis is exploding — over 90,000 residents are now in default, more than a quarter of all borrowers. Nationwide, 9 million people are behind, and the numbers keep climbing. Public colleges see 16% default rates, but for-profit and trade schools hit 30% — with some Nevada schools like the Milan Institute at a shocking 46%. The end of the 2024 payment pause, combined with soaring costs and economic chaos, has trapped borrowers in a cycle of debt. Relief efforts have stalled — Biden’s plan was blocked by the Supreme Court, and past legislation made repayment harder. With high rents, no home ownership, and no end in sight, Nevadans are drowning in loans they thought would launch their futures. 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/9242173062f86eb4