Skip to content Skip to sidebar Skip to footer

Oklahoma_Bartlesville payday loans

Student Debt Has Increased Sevenfold over the Last Couple Decades. Heres Why

Student Debt Has Increased Sevenfold over the Last Couple Decades. Heres Why

Student debt in the United States has grown tremendously throughout recent decades. After adjusting for inflation, federal student debt increased sevenfold from 1995 to 2017, rising from $187 billion to $1.4 trillion. That growth was driven by a range of factors, including an increase in the number of borrowers, a higher average amount borrowed, a low rate of repayment, and changes in the types of colleges attended.