Over 9.7 million borrowers face record-high student loan delinquencies, totaling over $250 billion.

Student loan delinquencies are nearing record levels, with 15.6% of federal loans, amounting to over $250 billion, past due. This affects 9.7 million borrowers, potentially leading to significant credit score drops. The situation may worsen due to past administration actions like halting income-driven repayment options. The issue highlights the need for reform in the student loan system to address high delinquency rates and defaults.