The Silent Tsunami of Student Debt Defaults The numbers are stark: over 9. 5 million federal student loan borrowers have defaulted, representing nearly one fifth of all borrowers.
This is not just a statistic; it's a symptom of a larger malaise afflicting the US education system and economy.
While pandemic era protections were extended by the Biden administration, buying some time for borrowers, the root causes of this crisis remain unaddressed.