9.3 Million Federal Student Loan Borrowers Are Now In Default, New FSA Data Shows

2 weeks ago 8

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U.S. Secretary of Education Linda McMahon gives an interview at the Republican National Midterm Convention in Dallas, Texas, U.S., September 10, 2026. REUTERS/Brian Snyder

Key Points

Federal student loan defaults rose by about 400,000 last quarter to 9.3 million borr...

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