Nearly 20% of Illinois federal student loan holders now in default

Source NBC Local
Original Load Date Aug. 3, 2026, 9:01 p.m.
Last Updated Aug. 3, 2026, 9:01 p.m.
Original URL https://www.nbcchicago.com/news/local/nearly-20-of-illinois-federal-student-loan-holders-now-in-default/3970188/

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A surge in defaults on federal student loans has led to nearly 10 million borrowers going into default status, including nearly 20% of loan recipients in Illinois. According to recent data published by the Office of Federal Student Aid and evaluated by the Associated Press, approximately 9.5 millio...