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In June 2010, the amount of student loan debt held by Americans exceeded the amount of credit card debt held by Americans. [24] At that time, student loan debt totalled at least $830 billion, of which approximately 80% was federal and 20% was private.
About 64 percent of students seeking a bachelor’s degree from a four-year public institution have student loan debt. 34 percent of borrowers owed $10,000 or less in federal student loans, and 79 ...
60% of graduate students take out federal student loans. 47% of U.S. adults say that money issues negatively impact their mental health, according to Bankrate’s Money and Mental Health Survey ...
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
Student debt refers to the debt incurred by an individual to pay for education-related expenses. This debt is most commonly assumed to pay for tertiary education, such as university. The amount loaned or the loan agreement is often referred to as a student loan.
Student loan debt continues to mount to a staggering high. Right now, it's at $1.774 trillion, according to a report by Melanie Hanson, senior editor for the Education Data Initiative. In "Student...
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