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2. Student loan debt statistics - AOL

   www.aol.com/finance/student-loan-debt-statistics...

   Source: U.S. Department of Education Federal student loan debt by age. As of the second quarter of 2024, Gen X, followed by baby boomers, are among the most affected generations by student loan debt.

3. Non-mortgage debt balances are declining in 2024 - AOL

   www.aol.com/non-mortgage-debt-balances-declining...

   Select Consumer Non-Mortgage Debt Component Averages, 2019-2024. Indeed, average student loan balances peaked in 2021 and 2022 at roughly $39,400 before falling by more than $1,000 in 2023, when ...

4. Financial Experts’ 2025 Predictions for Student Loan Debt ...

   www.aol.com/finance/financial-experts-2025...

   A 2024 survey by the Consumer Financial Protection Bureau revealed that nearly 61% of borrowers who received debt relief ... particularly those with lower incomes and larger student loan debt. ...

5. Student loan - Wikipedia

   en.wikipedia.org/wiki/Student_loan

   Federal aid policies expanded loan eligibility and shifted from grants to loans [21] starting the rising student debt. The Federal Pell Grant, a form of federal aid for higher education students that does not need to be re-paid, only provides a maximum annual grant of $6,195 per student for the 2019-2020 award year. [ 22 ]

6. Federal Direct Student Loan Program - Wikipedia

   en.wikipedia.org/wiki/Federal_Direct_Student...

   In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]

7. Income-driven repayment - Wikipedia

   en.wikipedia.org/wiki/Income-driven_repayment

   A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [2] The Revised Pay As You Earn Plan is available to all Direct Loan borrowers regardless of when the money was borrowed.