Student Loan

Student Loan Debt Statistics In 2018: A $1.5 Trillion Crisis

Student Loan Debt Statistics In 2018: A $1.5 Trillion Crisis

Student loan debt is now the second highest consumer debt category - behind only mortgage debt - and higher than both credit cards and auto loans. […] There are more than 44 million borrowers who collectively owe $1.5 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.