• InevitableSwing [none/use name]
    hexagon
    ·
    10 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.