---
title: "‘Student debt broke $1.5 trillion in the first quarter of 2018…"
date: 2019-05-02
source: facebook
type: Archer T. Ships shared a link.
---

# ‘Student debt broke $1.5 trillion in the first quarter of 2018…

*May 2, 2019 · Facebook*

::::: {}
::: {}
[https://truthout.org/articles/millennials-are-the-most-indebted-generation-they-can-thank-joe-biden/](https://truthout.org/articles/millennials-are-the-most-indebted-generation-they-can-thank-joe-biden/){target="_blank"}
:::

::: {}
'Student debt broke \$1.5 trillion in the first quarter of 2018 according to the Federal Reserve, outstripping auto loan (\$1.1 trillion) and credit card debt (\$977 billion) significantly, with 1.1 million people owing over \$100,000 for their educational expenses. Twenty percent of student borrowers default on their loan payments.'
:::
:::::