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Nearly 47,000 Have Been in Loan Repayment for 40 Years

February 20, 2023

Nearly 47,000 people have been in student-loan repayment for at least 40 years, The Washington Post reported.

The finding was based on data obtained from the Education Department through a Freedom of Information Act request. About 82 percent of the nearly 47,000 are in default on their loans.

The borrowers are a fraction of the 43.5 million Americans with student debt. But many experts say they represent an indictment of the student-loan system.

Read More on Inside Higher Ed