Another 400,000 student-loan borrowers defaulted in Q2, bringing total defaults to 9.3 million

About 400,000 more student-loan borrowers defaulted in the second quarter, taking the total number of borrowers in default to 9.3 million, according to Business Insider. The defaulted loans now total roughly $234 billion, about 14 percent of the federal student loan portfolio, Newsweek reports.

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