Student loan debt is now the second highest consumer debt category behind only mortgage debt and higher than both credit cards and auto loans.
According to Make Lemonade, there are more than 44 million borrowers with $1.3 trillion in student loan debt in the U.S. alone. The average student in the Class of 2016 has $37,172 in student loan debt.
The latest student loan debt statistics for 2017 show how serious the student loan debt crisis has become – for borrowers across all demographics and age groups.
If you are a student loan borrower, the following student loan debt statistics can help you make more informed decisions regarding student loan refinance, student loan consolidation, student loan repayment and student forgiveness. Get Help Now – Call: 844-236-3332
Student Loan Statistics Overview:
(As of 4Q 2016, New York Federal Reserve)
Total Student Loan Debt: $1.31 trillion
Total U.S. Borrowers With Student Loan Debt: 44.2 million
Student Loan Delinquency Or Default Rate: 11.2%
Total Increase In Student Loan Debt In 4Q2016: $31 billion
New Delinquent Balances (30+ days): $32.6 billion
New Delinquent Balances – Seriously Delinquent (90+ days): $31 billion
With so many options available today, many borrowers are finding it easier then ever to relieve the burden of student debt. The emphasis on Student Debt has forced the Government to make possible – Repayment Options & Provisions designed to help Loan Pay Backs.
Get Help With Your Student Loan Now – Call: 844-236-3332 or Complete The Short Form Below For A Free Eligibility Check↓