Student debt in America amounts to over $1.5trn
ON FEBRUARY 18TH Mike Bloomberg became the latest Democratic presidential candidate to promise to tackle student debt in America. The stock of loans amounts to over $ 1.5trn, around 7% of GDP. Fully 45m Americans owe an average of $ 37,000; a fifth are struggling to make repayments. Despite making up 56% of the student population, women owe two-thirds of total debt.?
This article appeared in the Finance and economics section of the print edition under the headline “Student debt in America amounts to over $ 1.5trn”