Student Loan Totals Break 1 Trillion Mark

/ Student Loan Totals Break 1 Trillion Mark M There are approximately 37 million student loan borrowers with outstanding student loans today." -Federal Reserve Board of New York Student loans are designed to help students fund: university tuition fees books living expenses Nearly 20 million Americans attend college each year Recent U.S. reports estimate there is between $902 billion and $1 trillion worth of outstanding student loan debt in America $864 billion $150 billion Federal student loan debt Private student loans Private student loans are not made or backed by the federal government. In 2012, the average student loan balance for all age groups is $24,301. 25% 10% 3% 25% of borrowers owe more than 10% of borrowers owe more than 3% of borrowers owe more than $28,000 $54,000 $100,000 Approximately 167,000 people owe more than $200,000. (Source: FRBNY) Median Debt Among All Bachelor's Degree Recipients [Source: College Board] 4-year Institution (public) $7,960 4-year Institution (private) $17,040 Proprietary Education $31,190 Of the 37 million Americans who have outstanding, student loan debt almost( 40% of these borrowers are under the age of 30 nearly 42% are between the ages of 30 and 50 an estimated 17% are older than 50 [Source: FRBNY] In dire straits with tuition loan debts? Visit the Personal Debt Relief experts at http://www.personaldebtrelief.net, today. 2OPersonal JoDebt Relief - The Online PayDay Loan Expert - sources: Image sources: "College Savings Stock Image" By cooldesign / freedigitalphotos.net "Open Book Stock Image" By digitalart/ freedigitalphotos.net "Dollar House Stock Image" By Šalvatore Vuono / freedigitalphotos.net "College Student Carrying Backpack Stock Photo" By stockimages/ freedigitalphotos.net "Big Ben Stock Image" By pixtawan / freedigitalphotos.net "Credit Card And Calculator On White Envelope Stock Photo" By moggara12/ freedigitalphotos.net "Global Education Stock Image" By jscreationzs / freedigitalphotos.net "Schoolboy Showing Pointing Up Stock Photo" By stockimages / freedigitalphotos.net "Elder Man Pointing Upwards Stock Photo" By stockimages / freedigitalphotos.net http://www.asa.org/policy/resources/stats/ http://en.wikipedia.org/wiki/Student_loan http://www.finaid.org/loans/ http://journalistsresource.org/studies/society/education/federal-stud ent-loan-debt-burden-noncompleters