The expert says that the suspension of the payment of students ’loans has doubled since last year
More than a quarter of the 40 million federal loans in the country have stopped paying in the third quarter of 2025, either through patience or delay.
Higher Education Analyst Mark Canties told NBC News that he found that 10.3 million borrowers in the third quarter of this year, compared to 2.9 million last year. Another 3.4 million borrowers postponed their loans in the third quarter of 2025, up from 3.2 million.
It can be the time spent in patience or delay cost; Canties said that the average balance is about $ 39,000 at a rate of 6.7 percent, borrowers raised about $ 219 per month in interest fees alone.
The federal government’s fiscal year begins on October 1; The third quarter of April 1 to June 30.
Economic hardships have also multiplied, as they rose from 50,000 in the third quarter from 2024 to 100,000 in the third quarter of 2025, and Kantrowitz, cited data from the Education Department. Unemployment postponed increased to 180,000 from 140,000.
Spike in Strepes follows the cancellation of the Biden save plan
Consumer defenders argue that many borrowers cannot afford the available payment options. This is partly due to the Trump administration, which strikes the plan for former President Biden, or to save a valuable education plan this summer.
Under the plan, some borrowers had student loan payments of up to $ 0.
While patience is still in place, the current administration Restart the interest to reach those on the plan, which encouraged borrowers to consider alternative options.
Canties said that while some borrowers may choose to keep their payments temporarily, others who want to get out of the patience of preservation are struggling to do so.
Last year, the plan witnessed more than four million borrowers who participated before placing it in patience due to the ruling of the Court of Appeal in the eighth circle that struck it.
As of July, the Ministry of Education had accumulated more than 1.3 million requests from borrowers trying to enter a paid payment, according to court documents.
The risk of wage on the debts of student loans
In general, the Ministry of Education said in April that nearly 43 million borrowers owe more than $ 1.6 trillion of students’ debts.
It is expected to climb the backwardness. Transunion estimated that nearly three million borrowers will succeed by August, which led to the risk of increasing the wage by up to 15 %, with millions of others on the right track by this month.
After stopping in the era of the epidemic, which protects borrowers from the damage of the credit degree, last fall ended. Since then, millions have seen low credit ratings with the accumulation of missed payments.
Borrowers who have left behind can reach a payment strategy using a government loan simulation toolhere.
The Associated Press contributed to this report.
