“This should shock and should absolutely be a cause for concern for borrowers and our fellow American citizens,” writes Nicholas in Logan
FILE - In this May 17, 2018, file photo, new graduates line up before the start of the Bergen Community College commencement at MetLife Stadium in East Rutherford, N.J. Student loan debt, cancellation, reformation? A cause for massive concern for our nation. Over 40 million people and counting owe a collective of almost $2 trillion in student loans.
85% of borrowers were never going to be able to repay their loans since before the pandemic, and nearly 60% had stopped paying altogether. More than half of all borrowers are over 35 . But people over 50 outnumber people under 25, and they owe 300% more, on average.
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