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US Student Debt Report: 6% of Borrowers Owe More Than $100,000
11/13/2019 General World News

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 >>>

Source:: VOANews.Com

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