Percentage of borrowers owing $20,000 or more doubled since 2002 — from insidehighered.com by Rick Seltzer
Excerpt:
The percentage of student loan borrowers leaving college owing $20,000 or more doubled over about a decade, according to a report released [on 8/16/17] by the Consumer Financial Protection Bureau.
Over 40 percent of student loan borrowers owe $20,000 or more when they leave college. That’s up from 20 percent in 2002.