At the time of 2019, this is actually the break down of education loan borrowers by age:
62: $75.9 billion (2.1 million borrowers)
Education Loan Debt Outstanding By Student Loan Program
Over 35 million education loan borrowers hold around $1.2 billion in Direct Loans. Another 12.1 million education loan borrowers hold $262 billion in Federal Family Education Loans (FFEL).
Direct Loans: $1,242.6 billion (35.1 million borrowers)
Federal Family Education Loans (FFEL): $261.6 billion (12.1 million borrowers)
Perkins Loans: $6.1 billion (2.0 million borrowers)
TOTAL: $1,510.3 billion
Student Loan Debt Great By Education Loan Type
Stafford Subsidized: $280.7 billion (29.5 million borrowers)
Stafford Unsubsidized: $516.0 billion (28.9 million borrowers)
Stafford Combined: $796.7 billion (33.2 million borrowers that are unique
Grad PLUS: $75.2 billion (1.4 million borrowers)
Parent PLUS: $96.1 billion (3.6 million borrowers)
Perkins: $6.1 billion (2.0 million borrowers)
Consolidation: $536.1 billion (11.7 million borrowers)
Education Loan Debt Statistics By Loan Reputation For Direct Loans
Approximately $685 billion in Direct Loans across 18.5 million education loan borrowers come in education loan payment. About 12 million education loan borrowers come in education loan deferment, education loan forbearance or pupil loan standard.
Figuratively speaking at school: $131.5 billion (7.0 million borrowers)
Student education loans In Repayment: $685.5 billion (18.5 million borrowers)
Student education loans In Deferment: $128.4 billion (3.6 million borrowers)
Figuratively speaking in Forbearance: $122.9 billion borrowers (2.8 million borrowers)
Continue reading “Education Loan Debt Statistics In 2020: Accurate Documentation $1.6 Trillion”