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Gen Z’s credit scores are cratering—and Trump’s student loan crackdown is the biggest reason why
Yahoo Finance· 2026-03-26 17:16
Core Insights - The Trump administration's aggressive move to restart student loan collections is leading to a significant decline in credit scores among young Americans, particularly Generation Z [1][6][7] Credit Score Trends - The national average credit score fell to 714 in the second half of 2025, down from 715 in the first half, marking the lowest score since early 2020 [3] - Last year was the worst for U.S. consumer credit quality since the 2008 financial crisis, with delinquencies for auto loans, credit cards, and personal loans at their highest since 2009 [4] Impact on Generation Z - While overall credit scores for most Americans saw modest declines, 14.4% of individuals aged 18 to 29 experienced drops of 50 or more points between 2024 and 2025, compared to only 10% of the general population [5] - More than 7 million student loan borrowers reported new credit delinquencies last year, resulting in an average 62-point drop for those with missed payments, pushing many young Americans out of prime borrowing status [6][7]
X @Bloomberg
Bloomberg· 2026-03-19 19:56
The Trump administration is transferring oversight of the $1.7 trillion federal student loan portfolio to Treasury, the most significant step yet in the effort to dismantle the Education Department https://t.co/LJpbWvWl1R ...
X @Forbes
Forbes· 2026-03-17 07:00
While the application backlogs for IDR plans continue to trend down, that may soon change as more than seven million student loan borrowers in the SAVE plan prepare to change programs, and the department readies the launch of a new repayment plan for federal student loans.Here’s the latest: https://t.co/9DPARocpjM📸: Win McNamee via Getty Images ...
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Forbes· 2026-02-22 15:44
Student Loan Update: Some student loan borrowers began receiving notices this month that their loan balance is being adjusted. While this may cause alarm, in many cases this might be good news, as it could result in a reduction of the amount owed on their student loans.Full story: https://t.co/Wu6rhXa84q(Photo: AP Photo/Alex Brandon) ...
X @Forbes
Forbes· 2026-02-16 03:00
A class of student loan borrowers filed a forceful response as the Education Department took steps to stall or delay discharging student loans under a court-approved settlement. But the outcome of the dispute remains uncertain. https://t.co/ODYHdfJ4QT https://t.co/arj5KUsctC ...