The Real Story On The 1 6 Trillion Student Loan Debt See more videos. cnn —. millions of americans have student loan debt, amassing to more than $1.6 trillion by the end of last year, according to the federal reserve bank of new york. it’s the. Advertisement: the elephant in the room, though, is the long term fate of $1.6 trillion in federal student loans, owed by more than 40 million people, as of early 2022. on that, there are broadly.
Who Holds Americaтащs юаа1юаб 5 юааtrillionюаб юааstudentюаб юааloanюаб юааdebtюаб Kiosk The real story on the $1.6 trillion student loan debt crisis over half of student loan borrowers (around 25 million people) owe less than $20,000, but have higher default rates than the borrowers. Still, since taking office, biden has canceled the debt of almost 4 million borrowers, wiping away more than $143 billion in loans. his latest plan would offer a measure of relief to an additional 30 million borrowers. yet these efforts to date account for less than 9% of the $1.6 trillion federal student debt. How student loans became a $1.6 trillion problem. some 44 million americans collectively hold over $1.6 trillion in student debt. and these numbers are growing. at the same time, advancements in. The federal reserve estimates that national student loan debt reached $1.6 trillion in june 2019. the department of education holds $1.48 trillion of the total student loan debt as of june 2016 ( department of education ). however, it’s also useful to understand the size of student debt in comparison to other forms of debt americans take on.