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Direct linkPew Charitable Trusts, 2021
More than a million federal student loan borrowers default each year, and the U.S. Department of Education reports that as of June 2020, roughly 1 in 5 borrowers with federal student loans was in default. Since that time, the coronavirus pandemic and related economic downturn have continued to take a significant toll on households and businesses…
Descriptors: Student Loan Programs, Debt (Financial), Loan Default, Federal Aid
Pew Charitable Trusts, 2017
The federal government and the states each invested more than $70 billion in higher education-related spending programs, excluding loans, in academic year 2014, the latest year for which data are available. But that figure, as substantial as it is, does not paint a full picture of federal and state investments in higher education. It excludes the…
Descriptors: Federal Government, State Government, Taxes, Educational Finance
