Student loans have increased by 84% since the recession... 40 million Americans have at least one student loan with average balance of $29k.
Adam Rifkin stashed this in Personal Finance
Stashed in: Young Americans, Awesome, America!, Student Loans, Demographics
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Michele Raneri, Experian’s Vice President of Analytics, provides insight on the current state of student lending:
- Nationally, student loans have increased by 84% since the recession
- 40 million consumers now have at least one student loan with an average balance of $29,000
- That's a total of $1.2 trillion in student loan debt.
Source: http://www.experian.com/blogs/news/experian-insights/analyze-this/
Crazy sad...
Even sadder is who's profiting:
http://pandawhale.com/post/69394/whos-profiting-from-12-trillion-of-federal-student-loans
4:53 PM Jan 19 2016