As federal student loan servicers once again report delinquent accounts to credit bureaus, borrowers feel the impact and struggle to get back in good standing.

A sweeping change to student loan forgiveness could be on the horizon, and more than 6 million borrowers may be caught in the crossfire.

KEY TAKEAWAYS Nearly a quarter of all student loan borrowers are behind on their payments, according to a new report by the Federal Reserve Bank of New York.The average delinquent borrower is two years older than before the pandemic.