U.S. student loan borrowers owe a collective $1.74 trillion. Here are the key student loan debt statistics to know for 2024.
Student loan debt is the second largest form of consumer lending debt in the U.S., affecting more than 43 million Americans. But as college costs continue to increase, so does general concern about college affordability and the need for loans to fill in the blanks. ...
According to the Federal Reserve's 2023 Q4 data, total student debt in the US stands at $1.727 trillion.This stat comes from adding the latest stats on federal and private student loan debt together.Keep in mind that this does not include borrowing from family or friends. Anecdotally, from ...
Get help finding the best student loan, a smart repayment plan or your quickest path to loan forgiveness — and, find options if you're having trouble.
Amid 2024 presidential election campaigning,student loan debtand forgiveness is a critical issue to American voters with college graduates struggling to contribute to their loan tab. Across the country, Gen X and a portion of baby boomers racked up an average of $44,331 in loan debt per...
While the president has no say in student loan interest rates, President Joe Biden has been seeking other ways to make college more affordable for students and reduce student debt burden. In August 2022, heannounced a planto forgive up to $20,000 in federal student loan debt for millions of...
From our 2019 mental health survey, 53% of borrowers experienced depression because of their debt, compared to 41.5% in 2024. Student loan anxiety rates stood at 90% in 2019 and are down to 78.7% in 2024. While depression and anxiety rates are moving in the right direction, on their ...
If you serve two years of full-time service in an area with inadequate access to health care, you can get up to $50,000 applied toward your student loan debt underthis grant to pay off student loans.There are also possibilities for part-time service with awards up to $25,000. ...
If you have100k in student debtor more, it’s worth noting that refinancing with a company like Splash Financial could help you save thousands of dollars on interest, get out of debt faster, or both. This company focuses on student loan refinancing products specifically, including refinancing off...
Many student loan companies don’t lend to international students, except for a select few. We reviewed and compared the APRs, fees, and terms of the best lenders offering international student loans.