The sheer number of defaulted federal student loans struck an innovative new full of 2016: about 8 million borrowers have actually abandoned having to pay on a lot more than $137 billion in education debts.

This means one or more from every six individuals who have any federal pupil debt have actuallyn’t made a repayment on their loans for at the very least nine months, states Jessica Thompson, research manager for The Institute for university Access and triumph. Continue reading →