Guys, I did it! I’m finally above average!
According to the Federal Reserve Americans owe over $1.6 trillion in student loan debt, with the average borrower owing $37,667
Submitted 5 months ago by theHRguy@lemmy.world to aboringdystopia@lemmy.world
Comments
alquicksilver@lemmy.world 5 months ago
solo@kbin.earth 5 months ago
I wonder how much of this 1.6 trillion is just interest that the banks charge on the actual loan.
dohpaz42@lemmy.world 5 months ago
Another good question would be how much of that debt’s interest is being subsidized by the government?
HubertManne@kbin.social 5 months ago
im suprised the average is so low. I wonder if thats because there are a bunch who only took out small loans???
Addition1291@lemmy.world 5 months ago
It’s really only undergrad that’s usually uber expensive. My wife is getting her master’s for like $10k/year and her company is paying for half of it.
Meanwhile our undergrad was like $40-50k/year with no help.
Also this average is probably averaging current balances, not total disbursement.