What happens next when 4 million people lose 200pts on their credit score? (to say nothing of anything else resultant of this)

What happens next when 4 million people lose 200pts on their credit score? (to say nothing of anything else resultant of this)

https://www.forbes.com/sites/shaharziv/2025/03/07/student-loan-delinquency-rate-skyrockets-4-million-borrowers-behind/

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I’m not sure there is one at all. I am more interested if there’s any meaningful knock on after or if it’s another blip cause a bottom 90 problem

My gut says that student loan dependencies are a good indicator for lenders to accurately lend with appropriate rates, but what's the argument for keeping these delinquencies off credit scores?

I lost 200 points in 5 weeks recently because of a dodgy ex-broadband supplier. Got them back but a massive faff. 
In my limited experience a credit score has only mattered if:
- you are buying a house
- your lifestyle depends on access to increasing levels of credit 

And tbh, these people aren’t buying houses any time soon, and meanwhile, the economics and finance channels here have been talking about rising delinquencies for a while now! 
Presumably lower spending will follow.

If you’re looking for wildly tangential effects, I’d bet the birth rate slightly drops.