Over 34 million student loan borrowers hold approximately $1.1 billion in Direct Loans. Another 13.5 million student loan borrowers hold $282 billion in Federal Family Education Loans .$7.6 billion Stafford Unsubsidized:$88.9 billion Student Loan Debt Statistics By Loan Status For Direct Loans
As of 4Q 2018, there are 10.8 million borrowers with $196.2 billion of student loan debt in the Level Student Loan Repayment Plan , which represents the largest concentration of borrowers in student loan repayment. For Direct Loan and FFEL Loans owned by the U.S. Education Department, here is the breakdown by these select student loan servicers:In addition, there are several other startling statistics regarding the state of student loan debt:
Almost half of private loan borrowers borrowed less than they could have in federal Stafford loans for college.
Saddest thing ever for americans trying to get a education
Should not be the situation-abolish loans and make education free is it not a right after all? No one must be left behind....
So that's what they really meant by no child left behind.
Who’s fault is that no one broke their arms to take these Loans colleges profited immensely from this with useless degrees The blame should be pleased with the individual
Yep... and it’s ridiculous. Let me go commit some crimes, get a free home, free food, then work on my Bachelors for free...... 🤯🤯🤯🤯🤯
Need an reform!! Would be better for everybody
Umm.. duh
Time to send in AndrewYangVFA to setup UBI FreedomDividend
Stop borrowing money to go to outdated schools teaching skill sets that are no longer in demand. Go study a vocation that's desperate for people and make six figures a year.
AOC priorities for leadership, boo. Get on course... liability management is your representation. TaxpayerCreed
already overloaded up to these no thanks
Life long student loan slaves! 100% the debt kleptocrats buy!
When the debt is greater than the economic opportunity? Don’t borrow.
Out of order and altogether ungodly, completely.
College should honestly be free if not change highschool format & teach kids about the basics of life such as investing filing taxes , savings just my opinion
DaveRamsey
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Student Loan Debt Statistics In 2019: A $1.5 Trillion CrisisConnecticut has the highest average student loan debt per student from the Class of 2017 Makes sense its Yale ,qpac and uconn system - not a deal to be had. For most careers, you don’t have to go to an expensive school. Some smaller universities and state schools can actually be better because of smaller class sizes, job readiness, etc. Terrible state. Sending kids to college is a sin
Source: Forbes - 🏆 394. / 53 Read more »