Alarming Student Loans Facts and Figures

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From 2004 to 2019 we witnessed a staggering 464% jump in the number of student loans owed. So I decided to put something together a list of the 20+ best student loan student loan facts.

1. Student loans now total $1.6 trillion

In 2007 there was $516 billion dollars worth of federally funded outstanding student loans according to the U.S. Department of Education.

Fast forward to 2018, there were almost 43 million borrowers, now we stand at over 44 million.

2. There are over 44 million student loan borrowers

Many people don't know is that of the massive amount of student loan debt that is owed, 50% of it stems from graduate degrees.

3. 50% of student loan debt comes from graduate degrees

In order to qualify for PSLF borrowers must meet the required 10 years or 120 consecutive payment minimum.

4. Public Service Loan Forgiveness works 1% of the time

It can make your financial woes worse. Here is why: 1. You're still responsible 2. Payment plans are designed to pay loans back

5. Deferring your student loans can make matters worse

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