Gee, who – except a bunch of idiot politicians in Washington – would have ever thought that forgiving as many people from paying their student loans as possible would increase delinquencies?

Even after the courts ordered student loans return to repayment status, the Biden administration hid delinquency data by purposely not reporting to credit bureaus how many accounts were behind on payments.

Now, the Trump administration’s Department of Education is honestly reporting the data, which show serious delinquency rates are over more than 10 times what the Biden Department of Education said they were.

As we said many times last year: expect student loan defaults to remain sky high for many years, as deadbeat borrowers wait for the next student loan amnesty program.