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Student Loans in the U.S.
As of 31st March 2018, total outstanding student loans stood at $1,407.1 billions(out of 42.6 millions borrowers), an increase of $31.6 billions or 2.30% compares to $1,375.5 billions(out of 42.8 millions borrowers) as at 31st December 2017. 13.8 millions borrowers between the age of 35 to 49 has the highest outstanding student loans, stood at $522.4 billions. Group between the age of 25 to 34 has the highest number of borrowers, 15.2 millions, with $488.6 billions outstanding student loans.

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Quarterly Outstanding Student Loans in the U.S. 2018

The total $1,407.1 billions outstanding student loans can be further broken down as:-

  • $1,104.0 billions outstanding Direct Loans(out of 33.4 millions borrowers), an increase of $37.2 billions or 3.49% compares to $1,066.8 billions(out of 33.3 millions borrowers) as at 31st December 2017.
  • $295.5 billions outstanding Federal Family Education Loans-FFEL(out of 14.2 millions borrowers), a decrease of $5.6 billions or 1.86% compares to $301.1 billions(out of 14.5 millions borrowers) as at 31st December 2017.
  • $$7.6 billions outstanding Perkins Loans(out of 2.5 millions borrowers), similar to outstanding Perkins Loans as at 31st December 2017.

Yearly Outstanding Student Loans in the U.S. 2015 - 2017

As of 31st December 2017, total outstanding student loans stood at $1,375.5 billions(out of 42.8 millions borrowers), an increase of $75.8 billions or 5.83% compares to $1,299.7 billions(out of 42.4 millions borrowers) as at 31st December 2016. The total $1,375.5 billions outstanding student loans can be further broken down as:-

  • $1,066.8 billions outstanding Direct Loans(out of 33.3 millions borrowers), an increase of $103.3 billions or 10.72% compares to $963.5 billions(out of 31.9 millions borrowers) as at 31st December 2016.
  • $301.1 billions outstanding Federal Family Education Loans-FFEL(out of 14.5 millions borrowers), a decrease of $27.2 billions or 8.29% compares to $328.3 billions(out of 16.1 millions borrowers) as at 31st December 2016.
  • $7.6 billions outstanding Perkins Loans(out of 2.5 millions borrowers), a decrease of $0.3 billions or 3.80% compares to $7.9 billions(out of 2.7 millions borrowers) as at 31st December 2016.

As of 31st December 2016, total outstanding student loans stood at $1,299.7 billions(out of 42.4 millions borrowers), an increase of $79.4 billions or 6.51% compares to $1,220.3 billions(out of 41.8 millions borrowers) as at 31st December 2015. The total $1,299.7 billions outstanding student loans can be further broken down as:-

  • $963.5 billions outstanding Direct Loans(out of 31.9 millions borrowers), an increase of $108.7 billions or 12.72% compares to $854.8 billions(out of 30.3 millions borrowers) as at 31st December 2015.
  • $328.3 billions outstanding Federal Family Education Loans-FFEL(out of 16.1 millions borrowers), a decrease of $29.0 billions or 8.12% compares to $357.3 billions(out of 17.5 millions borrowers) as at 31st December 2015.
  • $7.9 billions outstanding Perkins Loans(out of 2.7 millions borrowers), a decrease of $0.2 billions or 2.47% compares to $8.1 billions(out of 2.9 millions borrowers) as at 31st December 2015.

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