4 ms·
That's true. But of the total student loan debt of $1.2 trillion, and $1 trillion is federal student loan debt. Private loans are a comparatively small problem.
by learc83 11y ago
That's true. But of the total student loan debt of $1.2 trillion, and $1 trillion is federal student loan debt. Private loans are a comparatively small problem.
- eastbayjake 11y agoWOW, thank you for posting this. That is astounding and I had no idea it was that magnitude when I wrote my previous post. If anyone wants a source, the $1 trillion number is from the federal Consumer Financial Protection Bureau[1] and CFPB has even made available a detailed breakdown of the federal government's student loan portfolios[2] [1] http://www.consumerfinance.gov/newsroom/student-debt-swells-federal-loans-now-top-a-trillion/ http://www.consumerfinance.gov/newsroom/student-debt-swells-... [2] https://studentaid.ed.gov/sa/about/data-center/student/portfolio https://studentaid.ed.gov/sa/about/data-center/student/portf...