--- title: "Share of Student Loan Balances 90+ Days Delinquent" slug: student-loan-delinquency-rate-90-days summary: "Student loans: 10.6% of balances are 90 or more days delinquent" category: "Debt" unit: percent frequency: quarterly direction: higher_is_worse latest_value: 10.6 latest_period: "2026-Q2" trend: rising last_updated: "2026-08-11T00:00:00Z" source: "New York Fed Consumer Credit Panel / Equifax" 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." source_url: https://www.newyorkfed.org/microeconomics/hhdc canonical_html: https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/ citation_apa: "Kilburn, R. (2026). Share of Student Loan Balances 90+ Days Delinquent [Data set]. American Default Research. https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/" citation_chicago: "Kilburn, Ross. 2026. \"Share of Student Loan Balances 90+ Days Delinquent.\" American Default Research. https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/." citation_mla: "Kilburn, Ross. \"Share of Student Loan Balances 90+ Days Delinquent.\" American Default Research, 2026, americandefault.org/indicators/student-loan-delinquency-rate-90-days/." --- # Share of Student Loan Balances 90+ Days Delinquent > Student loans: 10.6% of balances are 90 or more days delinquent ## Current Reading As of 2026-Q2, Share of Student Loan Balances 90+ Days Delinquent is **10.6%** (rising — worsening for households). of student loan balances are 90+ days late — higher than a year earlier ## What Changed - The share of student loan balances 90 or more days late was 10.6% in Q2 2026, up from 10.16% a year earlier. - The highest share since late federal loans went back on credit reports in 2025. ## Recent Values | Period | Value | |--------|-------| | 2026-Q2 | 10.6% | | 2026-Q1 | 10.34% | | 2025-Q4 | 9.57% | | 2025-Q3 | 9.36% | | 2025-Q2 | 10.16% | | 2025-Q1 | 7.74% | | 2024-Q4 | 0.53% | | 2024-Q3 | 0.49% | | 2024-Q2 | 0.65% | | 2024-Q1 | 0.62% | | 2023-Q4 | 0.6% | | 2023-Q3 | 0.67% | ## Historical Context This series is not comparable end to end, so no all-time extreme or long-run average is published for it. The source changed what it measures on the following date(s): - Q3 2012: 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: https://www.newyorkfed.org/medialibrary/media/research/national_economy/householdcredit/DistrictReport_Q32012.pdf - Q2 2020: 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: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2020Q2.pdf - Q4 2022: 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: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q4.pdf - Q1 2025: 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: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2025Q1.pdf Compare readings only within a single segment. Subtracting across one of these dates measures the change in method, not in household conditions. ## Methodology This indicator carries quarterly observations and is interpreted as higher values indicate worse household conditions. Source: New York Fed Consumer Credit Panel / Equifax. 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. Automation: collected automatically on the daily refresh pipeline, with no hand entry. ## Source New York Fed Consumer Credit Panel / Equifax — [https://www.newyorkfed.org/microeconomics/hhdc](https://www.newyorkfed.org/microeconomics/hhdc) Data retrieved: 2026-08-11T00:00:00Z ## Related Indicators - [the-late-fee](https://americandefault.org/indicators/the-late-fee/) - [the-repo-line](https://americandefault.org/indicators/the-repo-line/) ## Machine-Readable Endpoints - HTML page: https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/ - JSON: https://americandefault.org/api/indicators/student-loan-delinquency-rate-90-days.json - CSV: https://americandefault.org/api/downloads/student-loan-delinquency-rate-90-days.csv - BibTeX: https://americandefault.org/citations/student-loan-delinquency-rate-90-days.bib - RIS: https://americandefault.org/citations/student-loan-delinquency-rate-90-days.ris ## Citation **APA 7th** Kilburn, R. (2026). Share of Student Loan Balances 90+ Days Delinquent [Data set]. American Default Research. https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/ **Chicago (author-date)** Kilburn, Ross. 2026. "Share of Student Loan Balances 90+ Days Delinquent." American Default Research. https://americandefault.org/indicators/student-loan-delinquency-rate-90-days/. **MLA 9th** Kilburn, Ross. "Share of Student Loan Balances 90+ Days Delinquent." American Default Research, 2026, americandefault.org/indicators/student-loan-delinquency-rate-90-days/. Use **American Default Research** as the institutional name in source lists, bibliographies, and press citations. **American Default** is the brand and URL form. **American Distress Index (ADI)** is the product name for the national composite score.