Student loan delinquencies to hit record high

(CNN)– Student loan delinquencies are on pace to hit record highs.

More than 9 million borrowers could see their credit scores tank in the first quarter of this year.

That is according to a new report released by the Federal Reserve Bank of New York.

The report tracks debt loads, delinquencies, and related impacts to credit scores.

The 2025 student loan update shows a record 15% of federal loans were past due at the end of last year, and more than $250 billion was delinquent.