Short-term student loan deliquencies continue to climb

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Short-term student loan deliquencies continue to climb

Dec, 31st 2016

Darren Mickles hasn't made his December student loan payment. In fact, the last time the 27-year-old Detroit resident paid his slightly more than $150 bill was in October.

"I'd like to pay, but I've got to eat and have somewhere to live and pay all my other bills," the Wayne State graduate currently working as a temporary office employee, said. "It's just this is lower on the priority list. I'll catch up — I always do."

Mickles isn't unique — there are 1.3 million federal student loan borrowers who were 31 days to 90 days late on their payments in the fourth quarter of 2016, new federal data shows. Those borrowers owe $32.2 billion dollars and represent the biggest chunk of those who are delinquent on their payments. About 880,000...

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