In the first quarter of 2003, the percentage of student-loan debt that was seriously delinquent — at least 90 days overdue — was below that of credit-card debt. In 2012, student-loan debt began regularly surpassing all other debt categories for the percentage of the balance in serious delinquency. In the first quarter of 2019, 10.9 percent of all student debt owed was seriously delinquent. That is two to three percentage points higher than the rates of delinquency for mortgages during the worst of the housing crisis, in 2009-11.
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