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08-30-2016, 11:26 PM
This is how badly we're managing our student debt
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Government-backed student*debt is big business: About one in six U.S. adults has a student loan owned or guaranteed by taxpayers, and the feds pay their contracted loan servicers and debt collectors close to $2 billion annually to counsel borrowers on their repayment options and collect monthly payments on nearly $1.3 trillion of federal student debt.
The U.S. Department of Education updates (http://www.ifap.ed.gov/ean**uncements/082216FSAPostsUpdatedReportstoFSADataCenter.html) the public every three months on how borrowers are faring (https://studentaid.ed.gov/sa/about/data-center/student/portfolio) with their federal student loansBloomberg crunched the numbers on where the federal student loan portfolio stood as of June 30. Here's what we found. Read more... (http://mashable.com/2016/08/30/student-debt-bloomberg/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Government-backed student*debt is big business: About one in six U.S. adults has a student loan owned or guaranteed by taxpayers, and the feds pay their contracted loan servicers and debt collectors close to $2 billion annually to counsel borrowers on their repayment options and collect monthly payments on nearly $1.3 trillion of federal student debt.
The U.S. Department of Education updates (http://www.ifap.ed.gov/ean**uncements/082216FSAPostsUpdatedReportstoFSADataCenter.html) the public every three months on how borrowers are faring (https://studentaid.ed.gov/sa/about/data-center/student/portfolio) with their federal student loansBloomberg crunched the numbers on where the federal student loan portfolio stood as of June 30. Here's what we found. Read more... (http://mashable.com/2016/08/30/student-debt-bloomberg/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Debt (http://mashable.com/category/debt/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Student Loans (http://mashable.com/category/student-loans/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/5CZb9QT6GTc