Americans Owe about $1.5 Trillion in Student Loans

According to the Pew Research Center’s data analysis of the Federal Reserve Board’s 2018 Survey of Household Economics and Decisionmaking, Americans owed about $1.5 trillion in student loans in March of this year, which is two times higher than what they owed ten years ago. The increase in student loan debt across the nation is linked to a historically high share of young adults going to college and the rising cost of higher education. 

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