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workinclasszero

(28,270 posts) Sun Feb 24, 2019, 12:24 PM Feb 2019

U.S. Student-Loan Delinquencies Hit Record

Past-due debt reached $166 billion in the fourth quarter, but may be understated

By Alexandre Tanzi February 22, 2019, 7:43 AM CST

Delinquent U.S. student loans reached a record $166 billion in the fourth quarter. But since “delinquency rates for student loans are likely to understate effective delinquency rates” by about half, according to the Federal Reserve Bank of New York, the figure is probably a far cry from reality.

https://www.bloomberg.com/news/articles/2019-02-22/u-s-student-loan-delinquencies-hit-record

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U.S. Student-Loan Delinquencies Hit Record (Original Post) workinclasszero Feb 2019 OP

How do they define the effective rate? captain queeg Feb 2019 #1

captain queeg

(10,247 posts)

1. How do they define the effective rate?

Reply to workinclasszero (Original post)

Sun Feb 24, 2019, 03:15 PM

Feb 2019

They say the $166 billion ought to be doubled for the effective rate. But there is nothing saying what that means or how that number was arrived on.

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