theHRguy@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agoAccording to the Federal Reserve Americans owe over $1.6 trillion in student loan debt, with the average borrower owing $37,667medium.comexternal-linkmessage-square7fedilinkarrow-up150cross-posted to: workreform@lemmy.world
arrow-up150external-linkAccording to the Federal Reserve Americans owe over $1.6 trillion in student loan debt, with the average borrower owing $37,667medium.comtheHRguy@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agomessage-square7fedilinkcross-posted to: workreform@lemmy.world
minus-squaresolo@kbin.earthlinkfedilinkarrow-up8·2 months agoI wonder how much of this 1.6 trillion is just interest that the banks charge on the actual loan.
minus-squaredohpaz42@lemmy.worldlinkfedilinkEnglisharrow-up6·2 months agoAnother good question would be how much of that debt’s interest is being subsidized by the government?
I wonder how much of this 1.6 trillion is just interest that the banks charge on the actual loan.
Another good question would be how much of that debt’s interest is being subsidized by the government?