{"id":101058,"date":"2020-01-18T20:44:49","date_gmt":"2020-01-19T04:44:49","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/01\/student-debt-is-over-1-6-trillion-and-hardly-anyone-is-paying-down-their-loans"},"modified":"2020-01-18T20:44:49","modified_gmt":"2020-01-19T04:44:49","slug":"student-debt-is-over-1-6-trillion-and-hardly-anyone-is-paying-down-their-loans","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/01\/student-debt-is-over-1-6-trillion-and-hardly-anyone-is-paying-down-their-loans","title":{"rendered":"Student debt is over $1.6 trillion and hardly anyone is paying down their loans"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/student-debt-is-over-1-6-trillion-and-hardly-anyone-is-paying-down-their-loans2.jpg\"><\/a><\/p>\n<p>Since the explosion of student debt following the Great Recession, annual repayment rates, or the amount of existing balances lowered, have been just 3%, Moody\u2019s said. Just 51% of borrowers who took out loans from 2010-12 have made any progress at all in paying down their debt.<\/p>\n<p>\u201cWhile in the past, higher enrollment and rising tuition were the main drivers of growing student loan balances, more recently, slow repayments have become the primary driver,\u201d Jody Shenn, senior analyst at Moody\u2019s, and others said in the report. \u201cOver the next few years, the combination of slow repayments and elevated, if no longer growing, levels of new borrowing will likely fuel further increases in outstanding debt.\u201d<\/p>\n<p>There are multiple reasons why the debt levels are not going down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the explosion of student debt following the Great Recession, annual repayment rates, or the amount of existing balances lowered, have been just 3%, Moody\u2019s said. Just 51% of borrowers who took out loans from 2010-12 have made any progress at all in paying down their debt. \u201cWhile in the past, higher enrollment and rising [\u2026]<\/p>\n","protected":false},"author":513,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,1497],"tags":[],"class_list":["post-101058","post","type-post","status-publish","format-standard","hentry","category-education","category-energy"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/101058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/513"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=101058"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/101058\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=101058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=101058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=101058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}