By the time I finish this sentence, one new person will have defaulted on their student loans, changing their lives and their financial futures forever. That's because under the Trump administration, every nine seconds, someone defaults on their student loans. That means Defaults are now happening at three times the rate that they were happening before the pandemic. So what does it mean to default on your student loans? Well, a recent survey found that one in four people can't keep up with their payments because they're choosing … (00:18–00:25)
CLAIM
Asserts that student loan defaults have tripled in rate compared to before the pandemic.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
