Student Loan Crisis Statistics PDF

Summary

This document presents statistics regarding the U.S. student loan crisis. The data includes the number of Americans with student loan debt, the average monthly payment, and the percentage of borrowers expected to default. The analysis spotlights the growing financial burden of student loan debt.

Full Transcript

Statistics Student Loan Crisis Source: Federal Reserve 1 in 4 Americans have student loan debt: An est. 44.7 Million people. Average student loan payment = $393 per month. More than 600,000 borrowers in the country are over $200,000 in student debt, and that number may continue to increase. More...

Statistics Student Loan Crisis Source: Federal Reserve 1 in 4 Americans have student loan debt: An est. 44.7 Million people. Average student loan payment = $393 per month. More than 600,000 borrowers in the country are over $200,000 in student debt, and that number may continue to increase. More than 1 million people default on their student loans each year. Nearly 40 percent of borrowers are expected to default on their student loans by 2023. ©Career and Life Skills Lessons, All Rights Reserved.

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