Face Student Loans in the U.S.
· 4 min read
Defacto Student Loan Debt in America
Student loans totaled $1.774 trillion in the third quarter (Q3) of 2024; this represents 9.82% of all household debt. In total, Americans owe in excess of seven (7) times more in mortgage debt than they do student loans. Mortgage debt totaled $12.594 trillion in 2024 Q3 while auto loan debt totaled $1.605 trillion.