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The $1.8 Trillion Student Debt Bubble Is Now The Supreme Court’s Problem

Collection Industry News

FEBRUARY 3, 2023

After a three-year pause, payments on federal student loans are set to resume in the next six months, and the economic consequences will be far-reaching: More than 4 million Americans are expected to fall behind on their debt and millions more will struggle with the added costs as inflation slams consumers.

Student loans

Student loans Student Loans Loans Banks

Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

MARCH 31, 2022

For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. Higher costs of living and, for some, sustained unemployment (partially influenced by the Great Resignation) are driving consumers to look for new lines of credit to manage expenses.

Lender

Lender Personal loans Foreclosure Loans

The $1.8 Trillion Student Debt Bubble Is Now The Supreme Court’s Problem

Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

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