The New York Federal Reserve has reported that over 9 million student loan borrowers are currently past due on their payments as bills have resumed, potentially leading to record-high delinquencies. Experts warn that many of these borrowers could see significant drops in their credit scores this year. The resurgence of loan payments has placed millions at risk, prompting discussions about the need for reforms in the student lending system. As delinquencies mount, stakeholders are calling for urgent solutions to address the ongoing challenges faced by borrowers and prevent further financial distress.