Student Debt over $20K/borrower has doubled in last 10 years
- Nearly half of student loan borrowers owe at least $20K when leaving school
- Older borrowers taking out student loans – average age exceeds 34
- Fewer are paying down debt in 5 years:
- 60% of borrowers not reducing balances are delinquent
This new report, titled “CFPB Data Point: Student Loan Repayment,” is available at: http://files.consumerfinance.g
General statistics:
- 44 Million Americans owe student loan debt
- $1.4 Trillion owed in federal and private student debt
- More employers offering repayment benefits:
This new report, titled “Innovation Highlights: Emerging Student Loan Repayment Assistance Programs,” is available at: http://files.consumerfinance.g
RESOURCES :
CFPB Data Point: Student Loan Repayment
http://files.consumerfinance.gov/f/documents/201708_cfpb_data-point_student-loan-repayment.pdf
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