As we mentioned above most people, especially students have a problem related to student debts. Thus, now the U.S has 1.48 trillion with a delinquency rate of 11.2% in the student loan debt. Moreover, some statistics, like the Institute for College Access and Success reported that in 2014-2015, the annual private student loan debt volume was about $7.8 billion.
As you see this debt volume shows just private student loan
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