Student Loan Debt Statistics In 2019: A $1.5 Trillion Crisis

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.

Source: Education Headlines (educationheadlines.net)

I’m not surprised. A lot of people still want to be stuck in the student loan trap.

Debts..

What if THE GOV-MENT invested in education like they used to? Student loans and importing tech workers. Why do liberal Democrats want more migrants in America?

Thanks Obama

Well, we're all very soon going to be learning an indispensable lesson pertaing to math- specifically, finance and its implications on a micro/ macro economic scale.

Crisis I think not...

None of us are even gonna pay them back b/c the planet is dying anyways

JessicaSimone

Education loan is the first step in the EMI world, it’s a ground wherein one gets trained to be in debt forever. Such menace it is. educationloan loan debt

Other things that are a crisis: the cost to attend universities, in some cases, the curriculum! What is the point of spending 2 years going over basic education from high school? College shouldn't be 4-5 years. Get to the point of the program and stop charging for fluff classes.

Ouch!

I pay almost $700 a month for my student loans

😅 students beware

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