Want to see NAVI full AI Analyst Report?
FFELP Forebearance Rate
Measures the share of FFELP borrowers granted forbearance, signaling short-term payment relief needs; high rates point to borrower stress, reduced cash inflows, and greater uncertainty about future recoveries and revenue timing.FFELP forbearance has steadily declined from its 2022–2024 peak to about 13% in early‑2026, signaling improving federal borrower performance and easing pressure on provisions—consistent with management’s reported falls in federal 31+ and 91+ delinquencies. That improvement supports the company’s recent buybacks, capital flexibility and lower near‑term credit costs, but legacy elevated delinquencies and the recent disaster‑related charge‑offs, plus a near‑term unsecured maturity, keep the risk of episodic provisioning volatility.
Date | FFELP Forebearance Rate |
|---|---|
Jun 30, 2026 | 12.80 |
Mar 31, 2026 | 13.00 |
Dec 31, 2025 | 13.00 |
Sep 30, 2025 | 13.40 |
Jun 30, 2025 | 12.80 |
Mar 31, 2025 | 14.40 |
Dec 31, 2024 | 14.70 |
Sep 30, 2024 | 16.40 |
Jun 30, 2024 | 16.80 |
Mar 31, 2024 | 16.00 |