Federal data and watchdog reports show rising distress among student borrowers. The New York Fed and other federal datasets indicate nearly one million borrowers entered default late last year, and roughly 10% of outstanding student loan balances are more than 90 days delinquent. Analysts warn defaults and delinquencies are likely to climb absent policy or repayment‑assistance changes. A separate report identified 41 institutions where low‑income families disproportionately used Parent PLUS loans—high‑cost federal loans parents take to cover student costs—raising concerns about institutional advising and the steering of vulnerable families toward debt. Advocates urge colleges to review financial‑aid counseling, transparency in cost communications, and alternatives to risky loan pathways.