Student Loan Crisis Statistics
Only 262 have successfully gotten. In fact 47 million of the population has an outstanding balance whether federal or private. Average Student Loan Debt In The U S 2021 Statistics Nitro The study found that students from families earning between 40000 to 59000 per year racked up 60 percent more debt than lower-income students and 280 percent more than their peers whose families earned between 100000 and 149000 per year. Student loan crisis statistics . A decade later student loan debt reached 15 trillion and is projected to reach 2 trillion by 2023 if the trend continues. Although many studies have attempted to identify the causes of the student loan crisis less is known about who. Federal Reserve Bank of New York. America is suffering from a student-loan debt crisis. 7 This suggests that a substantial number of borrowers are struggling to keep up with their loan payments. According to student loan debt statistics from 2017 a total of 447 million people had borrowed money ...