Updated reports posted by Federal Student Aid to FSA Data Center
By Marlene Seeklander Student loans now total more than $1.7 trillion with nearly 14 percent or $234 billion of the federal student loan portfolio in default. The federally managed portfolio—which includes FFEL and Perkins program loans owned by the U.S. Department of Education (ED) and Direct Loans—is more than $1.64 trillion, representing more than 95 percent
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