U.S. Education loan borrowers owed a collective $1.6 trillion in federal and personal education loan financial obligation at the time of March 2019, based on the Board of Governors regarding the Federal Reserve System.
Listed below are key education loan debt data to understand: how borrowers that are much, the sorts of loans they will have and exactly how they’re repaying them.
Typical education loan financial obligation
Sixty-five % associated with the course of 2018 graduated with pupil financial obligation, in line with the most recent information offered by The Institute for university Access & triumph, a nonprofit company that works to improve degree access and affordability. Continue reading