{
  "meta": {
    "slug": "student-loan-delinquency-rate-90-days",
    "name": "Share of Student Loan Balances 90+ Days Delinquent",
    "branded_name": null,
    "description": null,
    "source": "New York Fed Consumer Credit Panel / Equifax",
    "source_credit": null,
    "source_url": "https://www.newyorkfed.org/microeconomics/hhdc",
    "frequency": "quarterly",
    "units": "percent",
    "fred_series_id": null,
    "fred_edge_series_id": null,
    "bls_series_id": null,
    "series_id": null,
    "measurement_basis": "Percent of outstanding student loan balances that are 90 or more days delinquent, using the \"STUDENT LOAN\" series in the New York Fed table \"Percent of Balance 90+ Days Delinquent by Loan Type\" (unit: Percent; source: New York Fed Consumer Credit Panel/Equifax). This is a balance-level rate, not a share of borrowers.",
    "door": 1,
    "trend": "rising",
    "trend_suppressed": null,
    "series_breaks": [
      {
        "date": "2012-07-01",
        "reason": "The New York Fed says about $19 billion of previously defaulted student loans were newly updated on credit reports in the third quarter of 2012, which boosted the share of balances 90 or more days late.",
        "source_url": "https://www.newyorkfed.org/medialibrary/media/research/national_economy/householdcredit/DistrictReport_Q32012.pdf"
      },
      {
        "date": "2020-04-01",
        "reason": "From the second quarter of 2020 the Education Department reported federal loans eligible for the pandemic payment pause as current, which the New York Fed says caused that quarter's sharp drop in student-loan delinquency.",
        "source_url": "https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2020Q2.pdf"
      },
      {
        "date": "2022-10-01",
        "reason": "In the fourth quarter of 2022 the Education Department's Fresh Start program marked defaulted federal student loans as current, which the New York Fed tied to that quarter's drop in reported delinquency.",
        "source_url": "https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q4.pdf"
      },
      {
        "date": "2025-01-01",
        "reason": "In the first quarter of 2025 the New York Fed says missed federal student-loan payments that had not been reported between 2020 and 2024 began appearing on credit reports, so readings from then on are on a new basis.",
        "source_url": "https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2025Q1.pdf"
      }
    ],
    "direction": "higher_is_worse",
    "last_updated": "2026-08-11T00:00:00Z",
    "stale": false,
    "stale_reason": null,
    "data_status": "current",
    "page_url": "https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/",
    "attribution": "American Default (americandefault.org) — Our analysis is free to use with attribution to American Default Research. Source data stays under each publisher's terms; cite the source named here."
  },
  "current": {
    "value": 10.6,
    "date": "2026-06-30"
  },
  "last_verified": null,
  "data": [
    {
      "date": "2003-03-31",
      "value": 6.129123390112173
    },
    {
      "date": "2003-06-30",
      "value": 6.137216961712639
    },
    {
      "date": "2003-09-30",
      "value": 6.269694533762057
    },
    {
      "date": "2003-12-31",
      "value": 6.231593515223408
    },
    {
      "date": "2004-03-31",
      "value": 6.33629715165512
    },
    {
      "date": "2004-06-30",
      "value": 6.375199695701787
    },
    {
      "date": "2004-09-30",
      "value": 6.496060606060607
    },
    {
      "date": "2004-12-31",
      "value": 6.321376916401504
    },
    {
      "date": "2005-03-31",
      "value": 6.0324532453245325
    },
    {
      "date": "2005-06-30",
      "value": 6.711805555555555
    },
    {
      "date": "2005-09-30",
      "value": 6.993380990203865
    },
    {
      "date": "2005-12-31",
      "value": 6.589226448812867
    },
    {
      "date": "2006-03-31",
      "value": 6.392635212888377
    },
    {
      "date": "2006-06-30",
      "value": 6.655958077010708
    },
    {
      "date": "2006-09-30",
      "value": 7.15849563465413
    },
    {
      "date": "2006-12-31",
      "value": 7.141196013289036
    },
    {
      "date": "2007-03-31",
      "value": 6.849328593996841
    },
    {
      "date": "2007-06-30",
      "value": 7.292996108949416
    },
    {
      "date": "2007-09-30",
      "value": 7.5858031517100075
    },
    {
      "date": "2007-12-31",
      "value": 7.511050228310502
    },
    {
      "date": "2008-03-31",
      "value": 7.3825966850828735
    },
    {
      "date": "2008-06-30",
      "value": 7.550912502132014
    },
    {
      "date": "2008-09-30",
      "value": 7.549844491733508
    },
    {
      "date": "2008-12-31",
      "value": 7.823087752229001
    },
    {
      "date": "2009-03-31",
      "value": 7.877036813518407
    },
    {
      "date": "2009-06-30",
      "value": 8.262363044122003
    },
    {
      "date": "2009-09-30",
      "value": 8.452411807055435
    },
    {
      "date": "2009-12-31",
      "value": 8.657146818244836
    },
    {
      "date": "2010-03-31",
      "value": 8.659012932172077
    },
    {
      "date": "2010-06-30",
      "value": 8.952737298148877
    },
    {
      "date": "2010-09-30",
      "value": 9.169493703418144
    },
    {
      "date": "2010-12-31",
      "value": 9.116654348361665
    },
    {
      "date": "2011-03-31",
      "value": 8.959842707340323
    },
    {
      "date": "2011-06-30",
      "value": 9.086445853887714
    },
    {
      "date": "2011-09-30",
      "value": 8.839347276488162
    },
    {
      "date": "2011-12-31",
      "value": 8.449862637362637
    },
    {
      "date": "2012-03-31",
      "value": 8.692133809793335
    },
    {
      "date": "2012-06-30",
      "value": 8.92
    },
    {
      "date": "2012-09-30",
      "value": 11
    },
    {
      "date": "2012-12-31",
      "value": 11.73
    },
    {
      "date": "2013-03-31",
      "value": 11.19
    },
    {
      "date": "2013-06-30",
      "value": 10.9
    },
    {
      "date": "2013-09-30",
      "value": 11.83
    },
    {
      "date": "2013-12-31",
      "value": 11.51
    },
    {
      "date": "2014-03-31",
      "value": 11.01
    },
    {
      "date": "2014-06-30",
      "value": 10.92
    },
    {
      "date": "2014-09-30",
      "value": 11.09
    },
    {
      "date": "2014-12-31",
      "value": 11.32
    },
    {
      "date": "2015-03-31",
      "value": 11.06
    },
    {
      "date": "2015-06-30",
      "value": 11.45
    },
    {
      "date": "2015-09-30",
      "value": 11.56
    },
    {
      "date": "2015-12-31",
      "value": 11.52
    },
    {
      "date": "2016-03-31",
      "value": 11.04
    },
    {
      "date": "2016-06-30",
      "value": 11.06
    },
    {
      "date": "2016-09-30",
      "value": 10.94
    },
    {
      "date": "2016-12-31",
      "value": 11.17
    },
    {
      "date": "2017-03-31",
      "value": 10.98
    },
    {
      "date": "2017-06-30",
      "value": 11.22
    },
    {
      "date": "2017-09-30",
      "value": 11.17
    },
    {
      "date": "2017-12-31",
      "value": 10.96
    },
    {
      "date": "2018-03-31",
      "value": 10.66
    },
    {
      "date": "2018-06-30",
      "value": 10.94
    },
    {
      "date": "2018-09-30",
      "value": 11.53
    },
    {
      "date": "2018-12-31",
      "value": 11.42
    },
    {
      "date": "2019-03-31",
      "value": 10.85
    },
    {
      "date": "2019-06-30",
      "value": 10.83
    },
    {
      "date": "2019-09-30",
      "value": 10.9
    },
    {
      "date": "2019-12-31",
      "value": 11.06
    },
    {
      "date": "2020-03-31",
      "value": 10.75
    },
    {
      "date": "2020-06-30",
      "value": 6.97
    },
    {
      "date": "2020-09-30",
      "value": 6.5
    },
    {
      "date": "2020-12-31",
      "value": 6.45
    },
    {
      "date": "2021-03-31",
      "value": 6.16
    },
    {
      "date": "2021-06-30",
      "value": 5.69
    },
    {
      "date": "2021-09-30",
      "value": 5.33
    },
    {
      "date": "2021-12-31",
      "value": 4.99
    },
    {
      "date": "2022-03-31",
      "value": 4.7
    },
    {
      "date": "2022-06-30",
      "value": 4.55
    },
    {
      "date": "2022-09-30",
      "value": 3.92
    },
    {
      "date": "2022-12-31",
      "value": 0.87
    },
    {
      "date": "2023-03-31",
      "value": 0.67
    },
    {
      "date": "2023-06-30",
      "value": 0.63
    },
    {
      "date": "2023-09-30",
      "value": 0.67
    },
    {
      "date": "2023-12-31",
      "value": 0.6
    },
    {
      "date": "2024-03-31",
      "value": 0.62
    },
    {
      "date": "2024-06-30",
      "value": 0.65
    },
    {
      "date": "2024-09-30",
      "value": 0.48567870485678705
    },
    {
      "date": "2024-12-31",
      "value": 0.53
    },
    {
      "date": "2025-03-31",
      "value": 7.743715511955855
    },
    {
      "date": "2025-06-30",
      "value": 10.158730158730158
    },
    {
      "date": "2025-09-30",
      "value": 9.36
    },
    {
      "date": "2025-12-31",
      "value": 9.567307692307692
    },
    {
      "date": "2026-03-31",
      "value": 10.34
    },
    {
      "date": "2026-06-30",
      "value": 10.6
    }
  ]
}