There has been a surge of delinquent student loan accounts since President Donald Trump took office and — with borrowers over the age of 50 accounting for the majority of those delinquencies.
Rohit Chopra, former director of the Consumer Financial Protection Bureau, said that number is likely to grow.
"So we have a situation now where people are paying more interest and bigger payments at a time, I think, when they're already being pretty squeezed on higher prices in the grocery store, and also an economy that looks like it's getting a little weaker," said Chopra.
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There are also some geographical trends in relation to individuals who are struggling to repay their student loans.
Chopra said southern states tend to have more delinquency than other regions of the U.S.
He