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American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined. President Joe ...
Student loan debt disproportionately impacts Black student borrowers, affecting monthly budgets and financial milestones alike. Though there are racial disparities in student debt burdens ...
Source: U.S. Department of Education Student loan debt by state. The three states with the lowest outstanding student debt per borrower are: North Dakota $29,312. Alaska $35,346
Student debt most profoundly affects the person who owes it, but it also trickles up, if you will, and impacts the economy at large. Here’s how student loan debt hurts the economy — and your ...
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] Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. In 2019, students who borrowed to complete a bachelor's degree had ...
Over half of American college graduates are graduating with some student loan debt, with borrowers owing a total of $1.57 trillion, according to the Federal Reserve. For many of these borrowers ...