New Jersey is among the top 15 states with the highest student loan debt. The average borrower in the state owes over $37,000. This is more than $2,000 higher than the national average.

Total student loan borrowing has decreased by more than 35% since hitting a peak in the 2010/11 school year. Total borrowing for the 2022/23 school year was $98.2 billion. Students with graduate degrees are more likely to take out student loans and to have balances of at least $25,

Gibbs satisfied her 120 payments and had her remaining $185,000 in student loans forgiven under the PSLF plan. She was told by her loan servicer that despite her payments over the last 19 years, she would’ve still owed $365,000 due to interest if the loan had not been forgiven.

A new study is shedding light on the cost of student loan debt in the United States and it found the highest average student loan debt among millennials was on the East Coast, with nine of the top 10 most expensive student debts found in the region.

Biden’s program does nothing for the promising young man I helped.

Certain federal loan holders must consolidate by April 30 to qualify through Income-Driven Repayment and Public Service Loan Forgiveness.