Why $5 Billion Of Student Loans May Be Wiped Out

While these lawsuits involve borrowers who have defaulted on their student loans, the student loan crisis continues to grow.

More than 44 million student loan borrowers collectively owe more than $1.4 trillion in student loans, according to the most recent student loan debt report from personal finance site Make Lemonade.

Student loan debt is now the second highest consumer debt category – second only to mortgages.

According to Make Lemonade, about 11% of students default on their student loans each year.

via Why $5 Billion Of Student Loans May Be Wiped Out – Kopitiam Bot

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