U.S. Student Loan Debt

The most rapid debt growth has been in student loans. At relatively low level of $520 billion in 2006, U.S. student loan debt in 2016 has now reached $1.35 trillion. This issue has forced its way into the presidential race, with promises of faster refinancing at lower rates. If debt levels continue to rise rapidly, widespread forgiveness of student loans may be the next proposal from the candidates.