Student loan debt is on the rise again: Study

Student loan repayments are on the increase again in 2017, according to a new survey of more than 600 graduates from more than 80 countries.

The survey, released by the Pew Research Center, finds the share of graduates who are currently owing student loans has risen slightly to 55.7 percent, up from 55.3 percent in 2016.

That’s up from 54.6 percent in 2015.

The median amount of debt per borrower has risen from $11,839 to $13,749.

The number of graduates with student loans that are delinquent has grown from 11.7 million in 2016 to 12.4 million in 2017.

Overall, the survey found that the share who are in default of their student loans is now at an all-time high, with 29.4 percent of graduates and 17.6 million people in default.

A majority of graduates, 55.8 percent, are either debt-free or making payments on time.

More: More than a quarter of graduates are still living in their parents’ home.

The average amount of student loan debt per person has grown by an average of nearly $1,000 over the past three years.

A full quarter of students are still making payments, with nearly one-third of graduates owing at least $20,000.

Among all graduates, there are roughly 1.6 students per million borrowers.

The percentage of borrowers who are current students who have been paid back on their loans has also increased.

The rate of borrowers being paid back after 20 years is now 27.9 percent, the highest in the OECD.

“This data is a sobering reminder that there is still work to be done to get graduates out of student debt and into a position where they can pursue a career,” said Dan Drezner, Pew’s senior director of research and innovation.

“Even when they are debt-burdened, there is plenty of room for improvement in their student loan situations.”

The study found that among graduates who were either living with parents or living in a subsidized rental apartment, the median debt owed was $9,400.

Among graduates living with roommates or in a shared household, the average debt owed stood at $12,500.

Among borrowers who owed student loans, the typical loan balance was $24,600.

The Pew survey also found that about half of graduates said they did not know whether they had student loan payments in their accounts.

The majority of those who did not have student loans were still in default on the loans, and nearly one in five were not making payments.

For borrowers who did have student loan balances, the report found that more than half were still paying off their loans, with the average repayment rate in the past two years averaging 5.4 years.

The largest share of borrowers in default were those with balances of more that $500,000 or more.

About one in four borrowers with student loan debts owed $1 million or more, and the rest owed more than $2 million.

The report found the median amount outstanding for borrowers with loans of $100,000 was $1.15 million.

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