Roughly a million borrowers defaulted on their federal student loans late last year, with millions delinquent on their payments and sliding toward the same fate. That’s according to federal data and the latest Household Debt and Credit Report from the Federal Reserve Bank of New York, which dropped on Tuesday. The report includes student loan data as of the end of 2025.
Student loan delinquencies have continued to worsen, said New York Fed researchers on a call with reporters, and they expect the number of borrowers in default to continue to grow.
The report offers further confirmation of a crisis in the U.S. student loan portfolio, in which too many borrowers are not repaying their student loans. Nearly 10% of student loan balances are more than 90 days past due, according to the report.
Can they garnish a spouses wage? My SO has the loans and she doesn’t work anymore. Tempting to just say fuck it.
Unless you live in one of the 9 community property states, or are a signatory on the loan, they can’t.
I do believe that the laws are different in each of those 9 states, though, so if you live in one you need to look up the laws there.
Is TX one? I bet TX is one. All they care about is business and money.
Yeah, they sure are.
If you’re gonna game the system that hard just get divorced and keep living together. Remove the uncertainty.