Apparently ethnic studies degrees from an Ivy League school don't pay very well. Go figure. If only they went to the Economic School of Buck and speculated on Sugar Bowl tickets.
Federal student loans are due again. A record percentage of borrowers are seriously delinquent
By Matt Egan, CNN
Updated: 2:17 PM EDT, Mon May 5, 2025
Source: CNN
About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion.
Research from the information and insights company suggests that a significant numberof Americans with student loan debt are not able to make payments, did not know payments were due or decided not to pay.
TransUnion found that as of February, a record 20.5% of student loan borrowers with a payment due are “seriously delinquent,” which is defined as 90 days or more past due. (The analysis only includes federal student loan borrowers and only those who are not in forbearance or deferment.)
It’s a sharp jump from February 2020 — just before the start of the pandemic — when 11.5%, or about 2.6 million, were seriously delinquent.
The previous record was set in September 2012 when 15.4%, or about 3.3 million, borrowers were 90 days or more past due.
The TransUnion analysis did not determine why a growing share of borrowers are behind on student loan debt.
TransUnion cautioned that its finding of one in five student loan borrowers seriously delinquent may actually understate the problem due to the complexity of the issue. The company said that some borrowers appear to be 90 days or more past due but have not yet been reported as seriously delinquent, likely because they are exploring repayment programs and other options.
The Covid-era pause on federal student loan payments ended in September 2023, and borrowers were shielded from the negative effects of a missed payment until October 2024.
Some student loan borrowers “may be overstretched” and face a “difficult financial situation,” Michele Raneri, vice president and head of US research and consulting at TransUnion, told CNN.
Indeed, 50.8% of subprime federal borrowers with past-due payments are considered seriously delinquent.
“Borrowers who have not been repaying will likely have to make a number of challenging budgeting decisions,” Raneri said.
Raneri cautioned that while some borrowers may be unable to pay, others may not know payments have resumed or even know how to make the payments. Others, she said, simplymay not be willing to pay.
No matter the reason, falling behind on student loan debt is costly.
Some more insanity from Trump and his Hitler like take over of the country. Imagine that foreign food and drug suppliers now have to have the same inspection criteria as American suppliers. Surprise inspections were unfair for foreign suppliers because reasons … Sort of like US companies traded on US stock exchanges need to have real audit. But Chicom companies don't, for more reasons …
May 6 (UPI) -- The U.S. Food and Drug Administration said Tuesday it will expand its use of unannounced inspections at foreign manufacturing facilities.
"For too long, foreign companies have enjoyed a double standard -- given advanced notice before facility inspections, while American manufacturers are held to rigorous standards with no such warning," FDA Commissioner Martin A. Makary wrote in a release.
The FDA says its intent will be to expand the surprise inspections at non-U.S. manufacturers that produce items such as food products or essential "medical products." Unannounced inspections, according to the FDA, will help expose bad actors and those who falsify records or conceal violations, putting American lives at risk.
Makary, a Johns Hopkins surgeon who was nominated by U.S. President Donald Trump and reports to U.S. Health and Human Services Secretary Robert F. Kennedy Jr., was confirmed at the end of March as FDA commissioner.
On Tuesday, he called the recently announced move a "key step" for the FDA as part of a "broader strategy" in order to "get foreign inspections back on track" after the COVID-19 pandemic for its over 12,000 domestic and 3,000 yearly foreign probes in more than 90 nations.
FDA officials pointed out that the change will build on a pilot program tested in China and India by the agency's Office of Inspection and Investigations which aimed to look and see if foreign companies would get the same level of scrutiny and regulatory oversight as a U.S.-based firm.
"The FDA's rigorous, science-based global inspections of manufacturing facilities ensure that the food and drug products that enter the U.S. marketplace, and the homes of American consumers, are safe, trusted and accessible," stated Michael Rogers, the FDA's assistant commissioner for inspections and investigations.
Federal officials added that continuous evaluation of policy and practices will ideally ensure the U.S. Food and Drug Administration as a "gold standard" for regulatory oversight, which also will seek to clarify existing policies for FDA investigators in ethical areas.
"While U.S. manufacturers undergo frequent, unannounced inspections, foreign firms have often had weeks to prepare, undermining the integrity of the oversight process," the FDA continued.
It said despite foreign entity's even getting an advanced notice, FDA inspectors still find "serious deficiencies" more than twice as often than during U.S. inspections.
Meanwhile, more than 70% of active pharmaceutical ingredients and more than half the finished medications consumed in the United States are produced overseas, Janet Woodcock, then-director of the FDA's Center for Drug Evaluation and Research, said in 2020.
In 2019, the FDA's 200 inspectors conducted some 966,000 international site visits with only 9% reported safety violations. India was the biggest offender, with violations at 17% of its inspected plants.
Comments
BidebBros sport wood!
Full investigation needed! She should not have been shot.
Demonrats funding the Taliban is always special.
BidenBros cheer!
Dazzler approved theft!
"Ambitious"
I'm a vengeful person but not in this fashion. I hope he weighed several more pounds when he hit the ground.
Well, this could be interesting.
DIA
It’s all there and the murals on the way to baggage claim tell the story.
In open sight…
this is literally the plotline of the new tv show, "Paradise."
They have to tell their plans otherwise it doesn't count.
Weird cabal.
OBK HELP!
Apparently ethnic studies degrees from an Ivy League school don't pay very well. Go figure. If only they went to the Economic School of Buck and speculated on Sugar Bowl tickets.
https://lite.cnn.com/2025/05/05/business/student-debt-collections-delinquent
Federal student loans are due again. A record percentage of borrowers are seriously delinquent
By Matt Egan, CNN
Updated: 2:17 PM EDT, Mon May 5, 2025
Source: CNN
About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion.
Research from the information and insights company suggests that a significant number of Americans with student loan debt are not able to make payments, did not know payments were due or decided not to pay.
The findings come as the Department of Education has vowed to restart collecting federal student loans in default starting Monday following a Covid-era pause.
TransUnion found that as of February, a record 20.5% of student loan borrowers with a payment due are “seriously delinquent,” which is defined as 90 days or more past due. (The analysis only includes federal student loan borrowers and only those who are not in forbearance or deferment.)
It’s a sharp jump from February 2020 — just before the start of the pandemic — when 11.5%, or about 2.6 million, were seriously delinquent.
The previous record was set in September 2012 when 15.4%, or about 3.3 million, borrowers were 90 days or more past due.
The TransUnion analysis did not determine why a growing share of borrowers are behind on student loan debt.
TransUnion cautioned that its finding of one in five student loan borrowers seriously delinquent may actually understate the problem due to the complexity of the issue. The company said that some borrowers appear to be 90 days or more past due but have not yet been reported as seriously delinquent, likely because they are exploring repayment programs and other options.
The Covid-era pause on federal student loan payments ended in September 2023, and borrowers were shielded from the negative effects of a missed payment until October 2024.
Some student loan borrowers “may be overstretched” and face a “difficult financial situation,” Michele Raneri, vice president and head of US research and consulting at TransUnion, told CNN.
Indeed, 50.8% of subprime federal borrowers with past-due payments are considered seriously delinquent.
“Borrowers who have not been repaying will likely have to make a number of challenging budgeting decisions,” Raneri said.
Raneri cautioned that while some borrowers may be unable to pay, others may not know payments have resumed or even know how to make the payments. Others, she said, simply may not be willing to pay.
No matter the reason, falling behind on student loan debt is costly.
No conflict with CBS reporting
Some more insanity from Trump and his Hitler like take over of the country. Imagine that foreign food and drug suppliers now have to have the same inspection criteria as American suppliers. Surprise inspections were unfair for foreign suppliers because reasons … Sort of like US companies traded on US stock exchanges need to have real audit. But Chicom companies don't, for more reasons …
https://www.upi.com/Health_News/2025/05/06/FDA-food-medical-foreign-inspection-Martin-Makary/7671746556965/
May 6 (UPI) -- The U.S. Food and Drug Administration said Tuesday it will expand its use of unannounced inspections at foreign manufacturing facilities.
"For too long, foreign companies have enjoyed a double standard -- given advanced notice before facility inspections, while American manufacturers are held to rigorous standards with no such warning," FDA Commissioner Martin A. Makary wrote in a release.
The FDA says its intent will be to expand the surprise inspections at non-U.S. manufacturers that produce items such as food products or essential "medical products." Unannounced inspections, according to the FDA, will help expose bad actors and those who falsify records or conceal violations, putting American lives at risk.
Makary, a Johns Hopkins surgeon who was nominated by U.S. President Donald Trump and reports to U.S. Health and Human Services Secretary Robert F. Kennedy Jr., was confirmed at the end of March as FDA commissioner.
On Tuesday, he called the recently announced move a "key step" for the FDA as part of a "broader strategy" in order to "get foreign inspections back on track" after the COVID-19 pandemic for its over 12,000 domestic and 3,000 yearly foreign probes in more than 90 nations.
FDA officials pointed out that the change will build on a pilot program tested in China and India by the agency's Office of Inspection and Investigations which aimed to look and see if foreign companies would get the same level of scrutiny and regulatory oversight as a U.S.-based firm.
"The FDA's rigorous, science-based global inspections of manufacturing facilities ensure that the food and drug products that enter the U.S. marketplace, and the homes of American consumers, are safe, trusted and accessible," stated Michael Rogers, the FDA's assistant commissioner for inspections and investigations.
Federal officials added that continuous evaluation of policy and practices will ideally ensure the U.S. Food and Drug Administration as a "gold standard" for regulatory oversight, which also will seek to clarify existing policies for FDA investigators in ethical areas.
"While U.S. manufacturers undergo frequent, unannounced inspections, foreign firms have often had weeks to prepare, undermining the integrity of the oversight process," the FDA continued.
It said despite foreign entity's even getting an advanced notice, FDA inspectors still find "serious deficiencies" more than twice as often than during U.S. inspections.
Meanwhile, more than 70% of active pharmaceutical ingredients and more than half the finished medications consumed in the United States are produced overseas, Janet Woodcock, then-director of the FDA's Center for Drug Evaluation and Research, said in 2020.
In 2019, the FDA's 200 inspectors conducted some 966,000 international site visits with only 9% reported safety violations. India was the biggest offender, with violations at 17% of its inspected plants.
This is next level retard.
When the #1 pick was a black kid, I'm not sure that "next level retard" is a strong enough term.
Maybe we need a pole/contest? as this is truly an exceptional effort of raising the bar.
Considering the last 30 years this no longer sounds crazy