The 1% of the Student Debt Crisis: Owing $150,000 in Loans

Jordan Weissmann:

Meet Kelli Space. She went to Northeastern University to get a degree in sociology. And she graduated in $200,000 of student loan debt. In the economy's newest trillion-dollar crisis, she is the 1 percent.

Kelli is not the face of America's student debt problem. Among the 37 million people in this country with student loans to pay off, the median balance is $12,800. A whole 72 percent of borrowers have less than $25,000 left in debt, according to data from the Federal Reserve Bank of New York.

Posted by Jim Zellmer at March 29, 2012 2:38 AM
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