submitted 9 months ago by InevitableSwing@hexbear.net to c/chapotraphouse@hexbear.net

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[-] InevitableSwing@hexbear.net 14 points 9 months ago

And the percentage of student loans that has been forgiven is small. I saw a tweet with a pie chart but I couldn't find it so I had to google.

Student loan debt totals $1.74 trillion and is held by about 43.5 million Americans, with the average monthly payment amounting to $337.

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The administration has forgiven $136.6 billion for more than 3.7 million student loan borrowers in the first three years of Biden's presidency.

If my math is right that's ~13% of the loans have been forgiven for ~8.5% of the people with loans.

this post was submitted on 24 Jan 2024

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