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, according to the Board of Governors associated with the Federal Reserve System.
Listed here are key education loan financial obligation statistics to learn: just how much borrowers owe, the types of loans they’ve and just how they’re repaying them.
Normal education loan financial obligation
Sixty-five % of this class of 2018 graduated with pupil debt, based on the newest data offered by The Institute for university Access & triumph, a nonprofit company that actively works to enhance degree access and affordability. (suite…)