- By Joergen Haisem
- (General Dispatch) – Student loans increased in great proportion after the arrival of covid-19, registering levels never seen before.
- During the last year by 12% student loans rose, doubling the growth rate compared to 2015, 2016, 2017, 2018, 2018, and 2019 when debt increased by 6% per year.
- The total student loan debt figure is $1.57 trillion, a progressive increase of $166,000 per year.
- A large fraction of the debt is attributable to extended federal loan repayment.
- Similarly, it is not precisely the indebtedness that means that students are requesting higher levels of resources because of the pandemic, but rather that they have taken out other loans without having paid off previous commitments.
- Data projected that the level of student repayment is insignificant.
- It is clear that the current pandemic facing the world has been an escape route for students to raise the numbers without being obligated to make payments on time.
- Experts in these policies recommend that students make the payments so that the numbers begin to drop.
Adittional Information:
Breitbart: Growth Rate of Student Loan Debt Doubles During Coronavirus Pandemic
CNBC: Student loan debt has grown double since the pandemic to record-high levels—here’s what to know
