Federal Student Loan Debt Up 517% in 5 Years


(CNS / Worthy News)– Since President Barack Obama took office in January 2009, the outstanding balance on federal direct student loans has gone from $119 billion in 2009 to a staggering $739 billion, or an increase of 517.4 percent.

The balance owed as of the end of May was $739,641,000,000.00. That is an increase of $619,838,000,000.00 from the balance that was owed as of the end of January 2009, when it was $119,803,000,000.00, according to the Monthly Treasury Statement.

Earlier this month, Obama announced new executive actions to allow five million student-loan borrowers to cap their monthly payments at 10% of their income, according to the White House. — Source

19
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

FBI Reports Record Recovery of Missing Children as Crackdown Expands Nationwide
Red States Move To Cut Income Taxes As Trump Eyes Federal Shift
Republicans Defend, Democrats Vilify GOP Voter ID Bill
Saudi Arabia Signals Possible Military Response After Iranian Strike on Oil Facility
Netanyahu: Iran’s Nuclear and Missile Capabilities ‘Neutralized’ as U.S.-Israel Campaign Intensifies
Israel Strikes Iranian Navy in Caspian Sea, Expands “Operation Roaring Lion”
U.S. Launches Largest Strike Yet on Iran as Conflict Intensifies
Federal Judge Blocks Arkansas Ten Commandments Law, State Vows Appeal
FBI Revealed Former Counterterrorism Chief Joe Kent Was Under Active Investigation Prior to Resignation
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News