When the government gets involved they usually make the situation worse.
Student loans 90+ days delinquent have exploded higher to heights never seen before.
https://finance.yahoo.com/news/student-loan-delinquencies-are-on-the-rise-heres-why-184802465.html
12.9% of student loans are now in serious delinquency, the highest rate ever recorded.
https://www.newyorkfed.org/newsevents/news/research/2025/20250513
The New York Fed admits the spike came from resuming reporting after a five-year pause.
https://www.congress.gov/119/meeting/house/118492/documents/HHRG-119-JU05-20250715-SD005.pdf