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Student Loan Crisis Worsens

The CFPB praises employer-sponsored repayment programs as the student debt crisis grows.

By Bernice Napach | Updated on August 22, 2017

The student loan debt crisis is worsening in ways that go well beyond the size of the debt that has ballooned to more than $1.4 trillion, according to a new report from the CFPB.

More than 40% of borrowers leave school owing $20,000 or more, double the percentage from 2002, and the share of borrowers owing $50,000 or more has more than tripled over the same time period, from 5% to 16%.

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