Re:The Long Road to the Student Debt Crisis
by rayiner on Wednesday September 18, 2019 @04:45AM
(#21003414)
Pre-Obama loans represent a small fraction of all student loan debt.
Re:The Long Road to the Student Debt Crisis
by Retric on Wednesday September 18, 2019 @07:08AM
(#21004016)
I think itβs still on the order of 3-400 Billion or so, but I am not sure of the numbers.
Either way loans go back 4+ years before graduation and people take 15+ years to pay them back. So I assume quite a few of these loans are out there even if the remaining balance is not that huge.
There was a change as a rider to the 2010 affordable care act. But, older federally backed student loans are sold and resold.