Colorado residents during the pandemic have been catching up on their student loan debts.
Tens of thousands who were behind on making their payments caught up, leading to a 36% decline in delinquency rates in the state — among the biggest gains around the nation, according to a Lending Tree analysis of credit bureau and federal government loan data. Lending Tree is an online loan company.
In February 2020, 14% of Colorado residents who had student loans were deemed delinquent, defined as being 60 days or more behind on payments or being in default. In October, that share had fallen to 9% of loan holders. That drop translated to a 36% decrease in the number of people who had delinquent loans.
