Household Debt Soars: Student Loan Delinquencies Hit 8%

May 14, 2025

Household debt climbed by $167 billion (0.9%) to $18.20 trillion in Q1 2025, driven by rising mortgage and student loan balances.
Delinquency rates rose to 4.3%, largely due to a spike in student loan delinquencies following a five-year reporting pause.
Approximately 8% of student loans are now 90 days past due, impacting around 5.3 million borrowers.
Transition rates into serious delinquency held steady for auto loans and credit cards, while student loans experienced notable increases.

Household debt climbed by $167 billion (0.9%) to $18.20 trillion in Q1 2025, driven by rising mortgage and student loan balances.
Delinquency rates rose to 4.3%, largely due to a spike in student loan delinquencies following a five-year reporting pause.
Approximately 8% of student loans are now 90 days past due, impacting around 5.3 million borrowers.
Transition rates into serious delinquency held steady for auto loans and credit cards, while student loans experienced notable increases.

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