numberwang on 13 February 2018
A look back at the Obama presidency:
- Federal student loan debt went up from $154.9 billion in 2009 to $1.1 trillion by the end of 2017
- Borrowers have been flocking toward various loan forgiveness programs... The report shows that the direct loan program went from a $25 billion surplus in 2012 to less than $5 billion by 2015. A separate report says that this program ran a $36 billion deficit last year, up from $8.4 billion in 2016.
