Unpaid Federal Student Loans Top $435 Billion – Total Student Debt Tops $1.4 Trillion

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As President Joe Biden considers forgiving $10,000 in student debt per borrower and ending tuition for many students at public colleges, it is worth noting that college graduates already have not paid $435 billion back to the federal government.

That’s right, of the government’s $1.4 trillion student loan portfolio, almost one-third is unpaid.

That $435 billion is compared to the $535 billion that private lenders lost on subprime mortgages during the 2008 financial crisis.

thepoliticalinsider.com/unpaid-federal-student-loans-top-435-billion/

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