A new student loan delinquency can cause a borrower’s credit score to drop more than 150 points, the Fed warns.

The end of various pandemic-era student loan support programs likely portends a rise in credit issues for borrowers, although it will take time to understand the full extent of the problem, New York Federal Reserve researchers said on Wednesday.

Almost 10 million student-loan borrowers face a hit to their credit scores as pandemic-era measures to limit the consequences of non-payment fade from the picture, according to research by the Federal Reserve Bank of New York.