2.6 million student loan borrowers fell into default in early 2026: New York Fed

Student loan defaults are showing up on consumers' credit reports for the first time since the Covid pandemic, a new blog by the New York Fed shows.

# 2.6 million student loan borrowers fell into default in early 2026: New York Fed Student loan defaults are showing up on consumers' credit reports for the first time since the Covid pandemic, a new blog by the New York Fed shows. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/12/student-loan-borrowers-default.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*