Before the pause on student loan repayment (2020-2023), the amount of federal student loans in default or delinquency was rising

Federal Student Loans by Default or Delinquency Status (Billions of $)

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Source: United States Department of EducationEmbed Download image

Notes: "DD" refers to Days Delinquent. From March 2020 to August 2023, there was pause on student debt repayments in response to the COVID-19 pandemic, which influenced the status of outstanding federal student loans. Data are for Q4 of each respective fiscal year.