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The article says this is part of the $16 billion in loan discharges for around 680,000 borrowers since Mr. Biden took office, around $2 billion of which came th
by blakesterz 5y ago
The article says this is part of the $16 billion in loan discharges for around 680,000 borrowers since Mr. Biden took office, around $2 billion of which came through the borrower defense program.
These numbers surprised me, I guess I haven't been paying very close attention:
"There are around 43 million Americans with student debt.... All told, Americans owe around $1.6 trillion in federal student loans and more than $130 billion in private student loans, according to the data company MeasureOne. About 5.2 million federal borrowers are in default."
- pureliquidhw 5y agoApproximately 12.1% in default. I wonder what percentage of the $1.73 Trillion in debt that 12% makes up? Forgiving loans will continue to increase demand (and prices) for housing and other assets, right?