There are 44 million student loan borrowers holding a total of almost $1.3 trillion in student loan debt. 8 million or more federal student loan borrowers are in default. One in seven borrowers will default on federal student loans within three years of repayment. In total, more than 30 percent of people saddled with student debt are unable to pay their debts at all.
Young borrowers are finding it difficult to keep up with their monthly payments, choosing to delay starting families and buying homes. Older borrowers are also affected, with over one-third of borrowers over the age of 40 struggling to stay current on their loan payments.
Many borrowers are u…
Read the full article at: https://www.thenation.com/article/four-simple-ways-to-help-44-million-americans-with-student-debt/
