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The student loan crisis is often a woman's problem. Overall, Americans owe over $1.7 trillion in federal student loan debt and women hold two-thirds of it. But with women with a bachelor's degree ...
In 2007-08, FFEL served 6.5 million students and parents, lending a total of $54.7 billion in new loans (or 80% of all new federal student loans). Since 1965, 60 million Americans have used FFEL loans to pay for education expenses.
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
An education loan is a loan taken out by the student (or parent) to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.
Student loan debt is massive in the United States, to the tune of more than $1.73 trillion, according to the Federal Reserve. Nearly two-thirds of that debt is held by women, according to a recent
The average student loan debt among borrowers is now over $40,000, according to the Education Data Initiative. Unfortunately, that means that a good portion of borrowers owe more than that, and,...