By Kadija Yilla and David Wessel, includes “… 1) Six percent of borrowers owe a third of all the outstanding debt … 2) About one quarter of student loan borrowers, who have half the debt outstanding, borrowed for graduate school … 3) Individuals who owe the most are not the individuals who default on debt … 4) Most bachelors’ degree recipients graduate with little to no debt … 5) Even if financial aid covers the whole tuition bill, many students still borrow to cover living costs …”
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