Tuesday, December 10, 2024

Student Loan Debt -- An Update -- December 10, 2024

Locator: 48368STUDENTLOANS.

Link here. Data points:

  • 5.6 million former students currently in default
  • total: about $1.7 trillion owed
  • back-of-the-envelope: an average of about $30,000; other sources, an average of about $35,000

Amortization schedule, link here:

  • I have no idea of the following:
    • years over which the outstanding loans can be paid;
    • average interest rate on outstanding loans;
    • but, one can fill their in their own numbers at the linked site

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