• InevitableSwing [none/use name]
      ·
      5 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.

      ---

      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.

    • HexBroke [any, comrade/them]
      ·
      5 months ago

      https://internationalbanker.com/news/us-is-in-a-technical-recession-despite-upward-q2-gdp-revision/ in 2022