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Total sample size was 3,684 U.S. adults, of whom 1,400 have ever had a student loan and 588 currently have student loan debt. Fieldwork was undertaken on June 12-15, 2023.
30 percent of Americans who currently have student loan debt said they don’t know if they qualify for any student loan forgiveness, according to Bankrate’s Student Loans Presidential Elections ...
West Virginia. Average student loan debt: $33,856 Change from U.S. average: -22.3% Borrower delinquency rate: 11.0% Check Out: Here’s How Much the Definition of Middle Class Has Changed in Every ...
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.
As of 2018, Canada is ranked third in the world (behind Russia and South Korea) for the percentage of people ages 25–34 who have completed tertiary education. [1] As of September 2012, the average debt for a Canadian post-university student was 28,000 Canadian dollars, with this accumulated debt taking an average of 14 years to fully repay based on an average starting salary of $39,523. [2]
There are approximately 5.6 million former students currently in default, meaning their loans are at least 270 days behind on payment, who could be immediately affected when collections crank back ...
Student loans totaled more than $1.3 trillion, averaging $25,000 each for 40 million debtors. The debtors average age was 33. Forty percent of the debt was owed by people 40 or older. [37] In a 2017 report by the National Center for Education Statistics, the researchers found that 27% of all student loans resulted in default within 12 years. [33]
Student loans are a huge news story in the United States -- and for good reason. Americans currently hold a staggering $1.77 trillion in federal and private student loan debt. This burden is not...