Will Joe Biden pay your student loan?
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Last updated 3/2/2021 at 12:24pm
Dr. Glenn Mollette
The average college debt among student loan borrowers in America is $32,731, according to the Federal Reserve. The majority of borrowers have between $25,000 and $50,000 outstanding in student loan debt. There is an increasing number of student loan borrowers who owe in excess of $100,000. Some, who have spent many years in graduate schools, may owe closer to $200,000.
Overall, Americans owe over $1.71 trillion in student loan debt, spread out among about 44.7 million borrowers.
Senate leader Chuck Schumer of New York, along with Sen. Elizabeth Warren, D-Mass., and o...
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