As of August 2015, there is $111 billion of student loan balances in delinquency (student loans 30+ days late). That number is staggering and is not getting enough attention. The chart below shows the climbing delinquency rate for borrowers, which is hovering in the high teens as of the 4th quarter 2014. The Fed says student loan delinquency rate is much higher than for any other type of debt, such as credit card, mortgages, and auto loans.
GradFin is recruiting companies to participate in our student loan employer assistance program. Contact us today for full details. Student loan borrowers deserve more options, and GradFin will help us make the delinquency rate go in the other direction, which is better for America.
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