One theory on why student loan delinquencies are so high

The percentage of student loan borrowers who are delinquent is staying at an elevated level, but students may not be responsible, according to one expert.

Roughly 11.1% of student loans were at least 90 days delinquent, according to data released by the Federal Reserve Bank of New York on Tuesday. This elevated level of delinquencies, which is higher than in other types of debt tracked by the New York Fed, has been a constant in this data set since roughly 2011 and 2012.

The timing of the spike in the share of borrowers who are struggling with their payments suggests to financial aid expert Mark Kantrowitz that for the most part “it’s more likely to be parents having problem than students,” he said.

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