Summary
Student loan delinquencies in the United States have increased since the end of a federal loan forgiveness program. A report from TransUnion shows that more Americans, including rental applicants, are falling behind on payments, which affects their credit scores and the rental market.
Key Facts
- TransUnion reported that student loan delinquencies among rental applicants doubled in early 2025.
- The percentage of borrowers 90 or more days overdue rose from 15% in January to 32% in May 2025.
- More than 2.2 million student loan borrowers have seen their credit scores drop by over 100 points.
- The end of the pandemic-era loan forgiveness program requires millions to repay loans for the first time in years.
- Across the U.S., delinquencies and defaults on various credit types are increasing, not just student loans.
- One in three student loan borrowers is now 90 or more days past due, and one in five has stopped payments entirely.
- The shifts in credit scores are impacting the rental market, causing challenges for property managers.
- Fraud risk may increase as financial pressure on renters grows.
