Struggling To Repay Your Student Loans? You're Not Alone

 

Nearly half of student loan borrowers graduate school owing at least $20,000 – which is double the share of borrowers a decade ago – according to a new report from the Consumer Financial Protection Bureau (CFPB).

 

“The Bureau’s research shows that people are taking on more student debt later in life, and having a tougher time paying it back,” CFPB Director Richard Cordray said.

 

According to the latest student loan debt statistics from personal finance site Make Lemonade, there are over 44 million student loan borrowers in the U.S. who collectively owe more than $1.4 trillion in student loans. The average student in the Class of 2016 has $37,172 in student loan debt.

 

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