Factsheet: Borrower Experiences With Student Debt Stress

CFPB May 14, 2015:

STUDENT LOAN SERVICING BY THE NUMBERS
• Over $1.2 trillion: The total volume of outstanding student loan debt
• More than 40 million: The number of borrowers with student loan debt
• $29,384: The average balance of a borrower graduating from college with a bachelor’s degree
• 10 million: The number of federal loan borrowers who had a servicing transfer between 2010 and 2013
• $110 billion: The total volume of student loan debt in default
• 8 million: The number of student loan borrowers in default
• $129 billion: The total amount of federal student loan debt in forbearance
• 4 million: The number of federal student loan borrowers in forbearance

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