Student loan’s delinquency at multi-year high (as reported by Elizabeth Dexheimer via bloomberg.com)

Fair Isaac Corp., which created the FICO score that is used as a measure of consumer credit risk, announced today that the delinquency rate on student loans stands at a multi-year high. The delinquency rate rose to 15.0% between 2010 and 2012, as opposed to a rate of 12.4% between 2005 and 2007. This seems to have been driven, at least in part, by ongoing difficulties in the labor market for recent grads. Read more about the increase here.

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