Rising Student Loan Defaults Among Older Borrowers

Millions of borrowers are defaulting on their student loans, with the average age of these defaulters nearing 40 years old. Wall Street Journal (Markets) posted on X that this marks an increase of nearly 2½ years compared to the typical profile of a student-loan defaulter before the pandemic. This shift highlights the growing financial strain on older borrowers who are struggling to manage their student debt obligations.