Student Loans Federal Detail
Student loans have become an indispensable tool for families trying to pay the soaring cost of higher education, which at some private colleges and universities tops $50,000 a year.
As the number of people taking out government-backed student loans has exploded, so has the number who have fallen at least 12 months behind in making payments — about 5.9 million people nationwide, up about a third in the last five years. In all, nearly one in every six borrowers with a balance is in default. The amount of defaulted loans — $76 billion — is greater than the yearly tuition bill for all students at public two- and four-year colleges and universities, according to a survey of state education officials.
Student loans have become an indispensable tool for families trying to pay the soaring cost of higher education, which at some private colleges and universities tops $50,000 a year.
As the number of people taking out government-backed student loans has exploded, so has the number who have fallen at least 12 months behind in making payments — about 5.9 million people nationwide, up about a third in the last five years. In all, nearly one in every six borrowers with a balance is in default. The amount of defaulted loans — $76 billion — is greater than the yearly tuition bill for all students at public two- and four-year colleges and universities, according to a survey of state education officials.
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
Student Loans Federal
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