Student loan debt has soared from $ 260 billion in 2004 to $ 1.4 trillion in 2017;
average debt jumped from $ 18,650 to $ 38,000 over that same period; and the number of people over 60 with student loan debt has quadrupled in the last decade from 700,000 to 2.8 million.
By 2012, after the implementation of Grad PLUS and the promise of unlimited forgiveness, borrowing rates were up to 67 percent of students and the total
average debt jumped by more than 80 percent, to $ 48,685.
Not exact matches
Based on the huge
jump in credit card
debt to an all - time high and the decline in the savings rate to a record low in Q4 2017, it's most likely that the
average consumer «pre-spent» the anticipated gain from Trump's tax cut.
The
average debt for fourth - year students at the region's private colleges was $ 23,491, which is a 49 percent
jump from the 1992 - 93 school year.
The
average amount owed is $ 37,173, a
jump of 6 % over 2015 and yet another record for student loan
debt.
South Dakota's
average student loan
debt jumped almost $ 2,000 from the prior year, leading to a rise in the rankings from 17th-most
debt last year to seventh-most this year.
If the
average settlement
jumps to 60 % that doesn't mean suitable clients (those trying to avoid Chapter 13 as Charles Phelan points out) aren't still receiving a benefit if they're paying 15 % of the enrolled
debt.
Law firms» bank
debts have
jumped 36 % in the past year, from an
average of # 28,000 to # 38,000 per equity partner, as the profession targets growth, says Hazlewoods, Chartered Accountants and Business Advisers who specialise in the legal profession.
«The
average Alberta household would see
debt - servicing costs shoot up by more than $ 1,200 a year — the highest
jump in the country — if interest rates rise by one percentage point, according to a new report by RBC Economics.