The US Student Debt Crisis in Numbers

The US Student Debt Crisis in Numbers

Peer-to-Peer Lending, No-Loan Financial Aid Have Surged as Private Solutions
One-third of all borrowers have failed to complete their degrees. (Canva)

The US Student Debt Crisis in Numbers

1170 658 Paz Gómez

In the first quarter of 2019, the student-loan debt reached its highest point ever. Around 44.7 million US borrowers hold a student loan, who collectively owe $1.56 trillion. Among consumer debts in the United States, it is only surpassed by mortgages.

Backgrounder Content

  • What is the size of the student-loan crisis in the United States? How many borrowers have defaulted?
  • Which universities and careers stand out as problematic?
  • What are some private-loan alternatives to public subsidies?
  • What are prominent presidential candidates promising to do about the crisis?

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Paz Gómez

Paz Gómez

Paz Gómez is a market analyst for Econ Americas. She is cofounder and academic coordinator of Libre Razón, a liberal think tank in Quito, Ecuador. She holds a bachelor's degree in international relations and political science from San Francisco University of Quito and studies for a master's degree in digital currency and blockchain from the University of Nicosia. Follow @PazenLibertad.

All stories by:Paz Gómez
Paz Gómez

Paz Gómez

Paz Gómez is a market analyst for Econ Americas. She is cofounder and academic coordinator of Libre Razón, a liberal think tank in Quito, Ecuador. She holds a bachelor's degree in international relations and political science from San Francisco University of Quito and studies for a master's degree in digital currency and blockchain from the University of Nicosia. Follow @PazenLibertad.

All stories by:Paz Gómez
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