One-third of outstanding U.S. student loan debt is owned by only 6% of all student loan borrowers. A new report from the public policy nonprofit Brookings Institution clarifies where all of that $1.5 trillion student debt comes and goes.
“A very small fraction of all student loan borrowers have very large loans. Six percent of borrowers owe more than $100,000 in debt, with 2% owing more than $200,000,” the report by Brookings’ Kadija Yilla and David Wessel found. “This 6% owes one-third of the outstanding $1.5 trillion of debt.
“At the other extreme, 18% of borrowers owe less than $5,000 read more >>>