The resumption of US government debt collection for deferred student loan obligations has precipitated a deleterious cascade of credit score depreciation for millions of Americans; following the conventional 90-day delinquency threshold, student loan servicers are now furnishing adverse reports to principal credit repositories, instigating credit rating deflations commensurate with those incurred through personal bankruptcy proceedings, thereby potentially precluding access to or inflating the cost of critical financial instruments such as automotive financing, mortgages, and revolving credit facilities, as evidenced by Federal Reserve Bank of New York data indicating that, in Q1 2025, in excess of three million student loan beneficiaries experienced precipitous declines in their creditworthiness as a sequela of the termination of the US Department of Education's pandemic-era forbearance measures, originally enacted in March 2020 and subsequently reactivated, following a one-year amortization period, by the Trump administration in late 2024.