3 ms·
"nearly 1.3 million borrowers — were not in default, but were either severely delinquent or not paying their loans." I wonder what "in default" means if it doe
by njarboe 8y ago
"nearly 1.3 million borrowers — were not in default, but were either severely delinquent or not paying their loans."
I wonder what "in default" means if it does not mean "severely delinquent or not paying their loans". I did not see any explanation in the article.
- onetimemanytime 8y agodefault might mean x months behind, (6?) or when the lender has to take the loan off the books since it's not likely to be collected at face value.