Democrats are salivating at the potential votes they could get from people with student debt. The declared candidates for the 2020 Democrat nomination for president are already falling all over each other trying to stake out the most advantageous position to address what they call the ‘student debt crisis.’ It’s actually anything but a crisis since voluntarily assumed debt is not a crisis.
The latest figures for student loan debt in the U.S. make it easy to see why the Democrats are seeing votes in the issue. According to an article on Forbes, “borrowers in the Class of 2017, on average, owe $28,650, according to the Institute for College Access and Success.”
Forbes: Student Loan Statistics: Overview
Total Student Loan Debt: $1.56 trillion
Total U.S. Borrowers With Student Loan Debt: 44.7 million
Student Loan Delinquency Or Default Rate: 11.4% (90+ days delinquent)
Direct Loans – Cumulative in Default (360+ days delinquent):$101.4 billion (5.1 million borrowers)
Direct Loan In Forbearance: $111.1 […] → Keep reading
